TikTok is reportedly in search of a new boss to survive in the future with Twitter and Microsoft in a close contest to claim the throne.
On Aug 6, 2020, Trump signed two executive orders banning U.S transactions with TikTok and WeChat in 45 days with Trump’s administration declaring a national-security threat due to its Chinese ownership, an order seen by some as a gross abuse of power. The app has also been banned by the government of India since June 2020 along with other Chinese apps in response to a border dispute with China.
Having so much trouble not just in the U.S, any business deal involving TikTok and U.S company would reportedly involve TikTok’s U.S operations.
TikTok has also been tagged unsafe with news of the app tracking users using tactics banned by Google. Some other issues also pointed out include censorship, privacy, and child safety. Because TikTok is owned by ByteDance a Beijing based internet technology company, there are concerns that TikTok might censor content that doesn’t appease China.
As security concerns surrounding TikTok increase by the day, the app’s main rival Likee seems to be experiencing growth as it reaches 150M monthly users worldwide.
It is still not clear if Twitter will pursue a deal with TikTok after both parties had preliminary talks about a potential combination. But we are almost certain that a deal with Twitter will skyrocket TikTok’s success.