Walmart Says It Has Teamed up With Microsoft on TikTok Bid (cnbc.com) 44
Walmart said it's teaming up with Microsoft in a bid for TikTok. From a report: The retail giant confirmed to CNBC that it's interested in buying the tech company. TikTok is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that's likely to be in the $20 billion to $30 billion range, sources say. It has not yet chosen a buyer, but could announce the deal in coming days, sources say. With Walmart's confirmation, it joins several others bidding on the tech company, including Oracle. Walmart is pursuing the acquisition at a time when it's trying to better compete with Amazon. It plans to launch a membership program, called Walmart+, soon. The subscription-based service is the retailer's answer to Amazon Prime, which includes original TV shows and movies. 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+.
Christ these are the worst businessmen... (Score:1)
...helming MS, Walmart and Oracle. TokTok is facing annihilation of the US market, and these companies are driving up the potential price of a user and log in list? They still will have to code the site and host it. TokTok will take the money, let this sputter out, and reclaim the USA users.
Idiots.
NEXT! (Score:2)
I wonder what will replace it.
Free trade ONLY if it I WIN! (King of Lies speaks) (Score:1)
Thank you [Major_Disorder] for not feeding the trolls, by the way.
[I really think the "bonus visibility" of FP should be contingent. Don't need to censor the morons, but just pool the potential FPs for a short period, maybe a half hour, before shuffling the indices (or tweaking the timestanps?) to favor a productive opening to the discussion (and to demotivate the wannabe trolls). Semi-automatic based on replies? But with a check against sock puppets? [However I still see MEPR as a more general solution.]]
O
Re:NEXT! (Score:5, Insightful)
It does not matter either way.
What is happening is he is gifting a potentially dangerous Chinese company 30 billion USD. This is nearly half the value of the company. It can use this money to develop even more sophisticated surveillance tech for low end Snartphones that will dominate Asia. With this money, they can practically give the phones away.
Re: (Score:1)
Not gifting. They have something other companies want to buy.
Trump does them a service though. It's a fad, one that could become next myspace, so it's perfect time to sell it. All social networks are fads to an extent, and in the long term only survive due to old users hooked (fb is mostly good now to keep in touch with old friends and family).
Re: (Score:2)
Re: (Score:2)
Google has full source code of Android. It does not stop the tracking and hacking of users on a regular basis. The same thing for MS.
Re: (Score:2)
It's more that he can't pressure a Chinese company into letting him use their service as he sees fit. If he's being a Twit on Twitter, it's not like Twitter can sensibly keep him from being one because, well, he's not only a Twit but also a Prez.
Re: (Score:2)
That's ridiculous! I'm sure all the current and future users will love the convenience of being able to login with their microsoft account and receive short jingles of the latest wal-mart products.
What kind moronic Voltron is this going to be? (Score:2, Insightful)
The idea of Walmart getting involved just sounds silly.
Re: (Score:1)
Re: (Score:2)
No worse than all the other companies whose stocks are soaring thanks to the socialist policies of Jerome Powell and the Central Planning Committee.
Were it not for the government (i.e. the taxpayers) footing the bill, the markets would be reacting accordingly. Instead, we're another $14 trillion in debt ($7 trillion debt increase + $7 trillion Central Planning Committee debt) and people think everything's grand.
Re: (Score:3)
whose stocks are soaring thanks to the socialist policies of Jerome Powell
Monetary easing is not "socialist".
Were it not for the government (i.e. the taxpayers) footing the bill ...
The taxpayers do not "foot the bill" for monetary easing. To the contrary, by lowering interest rates, ME reduces the cost of government debt and lowers future taxes.
Imagine if Covid-19 was just a bit worse... (Score:2)
I don't think he [smooth wombat] was talking about monetary easing per se, but surely you [ShanghaiBill] acknowledge that the exuberance of the stock markets has become irrational? My interpretation is that whatever is happening in the stock markets right now, it is mostly based on faith in "the government" not allowing them [rich investors] to fail. In a capitalist reality, the economy should be suffering greatly because Covid-19 is mostly a negative factor. Large segments of the economy have been decimate
Re: (Score:2)
Monetary easing is socialist because it only helps corporations who can't manage their businesses properly. Without low interest rates businesses would have to fend for themselves and operate more efficiently. Instead, they are being artificially propped up by the taxpayers who get no return on their savings, which is something we continually hear U.S. taxpayers aren't doing, saving money.
Taxpayers always foot the bill for anything which props up businesses. Remember how cutting business taxes was suppos
Re: (Score:2)
It's a complex circle. Cutting interest definitely hurts those with savings, but most Americans have negligible savings. What savings they do have is often in stocks and commodities instead of cash and those items often increase in value when interest rates are low. Much of the middle class net-worth is in the value of their homes. Reducing rates increases the buying power of home purchasers; resulting in higher home prices and increasing the net worth of homeowners. Conversely, it makes homeownership
Payment (Score:2)
Re: (Score:2)
Re: (Score:2)
Mod parent up. Covid-19 is a medical problem converted into a government-funded business opportunity for rich speculators. PROFIT!
Me? I think that gambling on other people's deaths with other people's money should be discouraged. But I'm a little pissant.
Back in the real world, especially the real world of the stock markets: PROFIT. (Death and taxes are for the little folk and pissants.)
(Replacement of "peasant" is supposed to be for a touch of humor.)
Re: (Score:2)
Why? The president just forced a foreign company to sell their business to you by threatening to ban it, for what would assume is under market value. Once the sale goes through that same president will have every reason to make sure the business thrives to show what a "good businessman" he is and what he's doing to keep tech companies American. If you get into it with MS, all the better, as they can handle the tech stuff. Fuck it, they can handle all of it.
When it comes to betting on social media this is e
Re: (Score:2)
If I owned Walmart shares, I'd be dumping them right now. Instead, it's up 5%. Wow.
If you don't own Walmart shares, you could always short them or buy puts.
Or just set his money on fire. That'll have the same result. If the market knows the same thing as the OP and the reaction is completely opposite to what he thinks, he's almost certainly wrong in his assessment. But then perhaps the market didn't simply see the summary and jump to a conclusion.
True. 1% of Walmart's value (Score:2)
That's a good point - everyone else knows about lots of different things going in that affect Walmart. Things like gas prices, for instance, because Walmart ships thousands of tins of stuff every day. If everyone else thinks things are looking good for Walmart, they probably are.
In a forced quick sale, Bytedance will probab have to take less than what Microsoft and Walmart can eventually re-sell Tik Tok for a year from now. But let's say they over pay. Let's say they buy it for $20 billion and only get
Re: (Score:2)
If I owned Walmart shares, I'd be dumping them right now. Instead, it's up 5%. Wow.
If you don't own Walmart shares, you could always short them or buy puts.
Or just set his money on fire. That'll have the same result. If the market knows the same thing as the OP and the reaction is completely opposite to what he thinks, he's almost certainly wrong in his assessment. But then perhaps the market didn't simply see the summary and jump to a conclusion.
Business plan:
1. Get on phone with mad tweeter in chief.
2. Place bets on knowledge of next tweet.
3. PROFIT.
The problem is that two can play at this game. It's all about knowing the timing. I'm still expecting Xi to retaliate with YUGE volatility in the stock markets in October, with cunning profit taking on the flip side. Two birds with one stone. I might even wager that Xi claims the Chinese 4-character version came first. (Can't write it on Slashdot, but in rough translation it's one-rock-two-bird.)
Re:What kind moronic Voltron is this going to be? (Score:5, Interesting)
The idea of Walmart getting involved just sounds silly.
I don't know what the angle is but I wouldn't underestimate Walmart.
Re: (Score:2)
Re: (Score:2)
I'm wondering this too but... (Score:3)
First off, walmart is not an idiotic company. As companies go they are something every other company should envy. What do apple, Amazon and Walmart have in common? Logistic perfection in their niche.
You may not like apple, or amazon or walmart but that doesn't change how good they are at what they do.
But I can't fathom, in the name of Voltron, what in ganthor's hammer, Walmart wants a chunk of TikTok for.
My bet is that Walmart is several things. TikTok needs to be backed by a server system so that's AW
Can't wait ... (Score:1)
[ "... Dance clips are on aisle 2, porn used to be on aisle 3, but we don't allow that anymore." ]
Re: (Score:2)
This is TikTok we're talking about... what's the difference between the two?
Re: (Score:2)
Shudder!
The thought of 'Walmart Shoppers' taking to TikTok is enough to give anyone nightmares.
Either way, this is the end of TikTok. It will become so uncool (if it hasn't already)
Re: (Score:2)
It's gonna be like "People of Walmart - Dance edition".
Re: (Score:2)
Comment (Score:2)
Tiktok shotgun marriage Lacks Legitimacy (Score:1)
This should make ... (Score:2)
Disney to buy Tiktok (Score:2)
Despite all the MSFT,WMT,ORCL talk I think Disney is going to buy Tiktok
Evidence 1: Meyer left as he doesn't want to end up back at Disney running a division
Evidence 2: Disney core demographic is tweens and teens as is Tiktok's core demographic. The scope of having Tiktok tieins into Disney+ content is limitless.
Evidence 3: Need a corporation doing business in China which Bytedance will sell to but also with an American name that Trump will like. Disney fits the bill.
The cool guys are here (Score:2)
Walmart and Microsoft are teaming up to buy TikTok. LOOK OUT! The kewl guys are in da house. Yo. The young folk are gonna love dis.