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Walmart is teaming up with Microsoft ton TikTok bid

Summary

 

Walmart is teaming up with Microsoft to buy TikTok's operations in the US, Canada, Australia and New Zeeland

Walmart joins Microsoft in bid for TikTok's US operations - BBC News

 

Quotes

Quote

Walmart said Thursday that it’s teaming up with Microsoft in a bid for TikTok.

The retail giant confirmed to CNBC that it’s interested in buying the popular short-form video application.

Walmart is pursuing the acquisition at a time when it’s trying to better compete with Amazon.

In a statement, the big-box retailer said TikTok’s integration of e-commerce and advertising “is a clear benefit to creators and users in those markets.” It did not say how it would use TikTok or whether it would be part of Walmart+.

 

My thoughts

Well, that's interesting, Microsoft and Walmart sharing ownership with TikTok and Walmarts intention to potentially integrate their own services in the app could mean that the app is going to change a lot and potentially scare away the large user base, or maybe not. Also, I find it funny to an extent that Walmart is trying to compete with Amazon. But at this point it's a bit ridiculous how so many companies are jumping in on the idea of buying the operations, and how some like Microsoft and Walmart are teaming up. God knows what this could mean for the future of the app. 

 

Sources

CNBC

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Some things I saw earlier that go with this:

  1. TikTok CEO, Kevin Mayer, quit today
  2. Walmart originally had their own bid but they were denied because the government wanted a tech company to be the main buyer. They said this was so the company had more experience with keeping data secure.

I am far from an expert in this so please correct me if I’m wrong.

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3 hours ago, zeusthemoose said:

Some things I saw earlier that go with this:

  1. TikTok CEO, Kevin Mayer, quit today
  2. Walmart originally had their own bid but they were denied because the government wanted a tech company to be the main buyer. They said this was so the company had more experience with keeping data secure.

Walmart should've said, "hey, look we made shitty gaming pcs and pretty ok laptops, we're a tech company!"

 

Edit: are people laughing at the post, or my inability to spell we're?

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5 minutes ago, zeusthemoose said:

Walmart originally had their own bid but they were denied because the government wanted a tech company to be the main buyer. They said this was so the company had more experience with keeping data secure.

i mean i guess that kinda makes sense? although its well documented that tiktok hasnt been great about keeping their users' data in safe hands as it is lol

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To be fair, I would wager that Walmart could be better set up for local delivery than Amazon, they have more physical locations and thus could have a higher throughput, if reorganized correctly.

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Walmart's making a data grab because they want to compete with Amazon.

"If you can't beat 'em, join 'em"

ENCRYPTION IS NOT A CRIME

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Tech news these days feels like us mere mortals watching the all-mighty gods (microsoft, tiktok, walmart and epic, apple, google) fighting against each other.

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🤢🤮. Come on guys, can’t we crowd fund the purchase of TikTok to keep it out of the hands of these oligopolies?!

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3 minutes ago, Jet_ski said:

🤢🤮. Come on guys, can’t we crowd fund the purchase of TikTok to keep it out of the hands of these oligopolies?!

No one really cares enough about TikTok to crowdfund the purchase of TikTok, not to mention who would be the owner, and who would be responsible of updating the app, etc.

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46 minutes ago, activehuman said:

Tech news these days feels like us mere mortals watching the all-mighty gods (microsoft, tiktok, walmart and epic, apple, google) fighting against each other.

uncannily true

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I'm honestly more surprised that Microsoft teamed up with Walmart, they certainly don't need their money or technical help for this acquisition, so I'm wondering if some back room palm greasing/strongarm negotiations went on, after all Microsoft is about to launch a console, and where would you want that stocked?

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1 hour ago, AndreiArgeanu said:

No one really cares enough about TikTok to crowdfund the purchase of TikTok, not to mention who would be the owner, and who would be responsible of updating the app, etc.

😐 we would be the shareholders. The employees will do their thing. We’ll IPO and rake in the 💰 💰 💰. Do you realize why so many companies are trying to buy tiktok?!

 

If you haven’t tried it, tiktok is much more entertaining than instagram or Facebook could ever be. Tiktok is mostly regular people making fun videos.

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11 minutes ago, Jet_ski said:

😐 we would be the shareholders. The employees will do their thing. We’ll IPO and rake in the 💰 💰 💰. Do you realize why so many companies are trying to buy tiktok?!

 

If you haven’t tried it, tiktok is much more entertaining than instagram or Facebook could ever be. Tiktok is mostly regular people making fun videos.

Nah, ain't no one going to crowdfund enough money to bid more than Microsoft and Walmart does. The current bids are around 40-50 billion at least, ain't no one going to crowdfund 50 billion dollars just like that.

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I don't care who buys it as long as they pull the plug on this ridiculous clock.

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5 hours ago, TheTechWizardThatNeedsHelp said:

Walmart should've said, "hey, look we made shitty gaming pcs and pretty ok laptops, we're a tech company!"

 

Edit: are people laughing at the post, or my inability to spell we're?

Walmart are actually a very large tech company, they have something like 10,000 employees in their Technology department(s) and are very active in silicon valley, at conferences and in the open source community.

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4 hours ago, AndreiArgeanu said:

Nah, ain't no one going to crowdfund enough money to bid more than Microsoft and Walmart does. The current bids are around 40-50 billion at least, ain't no one going to crowdfund 50 billion dollars just like that.

You may have taken the suggestion too seriously. I said it for a laugh.

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i recently started using TikTok and i hope that if this does happen Walmart isn't just gonna screw over the app for people who aren't in the USA like me.

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Ok someone is messing with me no way this is an actual partnership?? 819387251_tenor(1).gif.6f2575a0aa5f6425ff10dac1b5809ec8.gif

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1 minute ago, Shorty88jr said:

Ok someone is messing with me no way this is an actual partnership?? 

One word: MONAYYYYYYYY

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11 hours ago, AndreiArgeanu said:

Summary

 

Walmart is teaming up with Microsoft to buy TikTok's operations in the US, Canada, Australia and New Zeeland

 

 

Quotes

 

My thoughts

Well, that's interesting, Microsoft and Walmart sharing ownership with TikTok and Walmarts intention to potentially integrate their own services in the app could mean that the app is going to change a lot and potentially scare away the large user base, or maybe not. Also, I find it funny to an extent that Walmart is trying to compete with Amazon. But at this point it's a bit ridiculous how so many companies are jumping in on the idea of buying the operations, and how some like Microsoft and Walmart are teaming up. God knows what this could mean for the future of the app. 

 

Sources

CNBC

This seems like a very unlikely pairing. If everyone recalls Fox buying MySpace, they will quickly realize that is what TikTok's demise will be like. The users of the service will readily abandon it the second the experience changes. We also saw this with Verizon buying Yahoo buying Tumblr.

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A smart phone maker should buy it and make it an exclusive for their phone only.

They could just name the phone "The Tok" . 😄

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11 hours ago, Athan Immortal said:

I'm honestly more surprised that Microsoft teamed up with Walmart, they certainly don't need their money or technical help for this acquisition, so I'm wondering if some back room palm greasing/strongarm negotiations went on, after all Microsoft is about to launch a console, and where would you want that stocked?

Microsoft is also closing all of its retail stores, so perhaps we'll also see Microsoft kiosks popping up in their stores as well?

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