TikTok's parent company, ByteDance, expects to set a market value of US 60 Billions for its activities. Oracle and Walmart are wanted to buy shares in Chinese ByteDance's small video-sharing platform to allay US security concerns over TikTok. According to a report, Oracle will buy a 12.5 percent stake in TikTok Global and all US customer data will be stored in the cloud in accordance with US national security requirements. Meanwhile, retail giant Walmart has said it will buy 7.5 per cent stake of TikTok.
Oracle and Walmart will pay a total of 12 Billion in stock if the market value is set at 60 billion. According to TickTock. these are still scrutinizing issues of equity structure and data security.
Tiktok is one of the best social media doing great globally. With their recent update of their fixtures, their target will be actualize.
Was there Cannabis involved ? #blurt420
I have no idea about the tag #blurt420. Now clear.. Thanks bro!