Tech Brew Ride Home Fri. 08/28 – Ok, So… How About Walmart Owning TikTok?
Aug 28, 2020
Walmart is making waves as it eyeing a possible acquisition of TikTok, teaming up with Microsoft in this intriguing bid. Meanwhile, Facebook continues to clash with Apple over controversial App Store fees, igniting discussions around digital rights. Exciting smartphone innovations are on the horizon, including LG's dual-screen design and Xiaomi's invisible under-display camera. Plus, there's a deep dive into the future of fitness tech with Tonal's cutting-edge features and insights into the evolving landscape of digitalization across industries.
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Walmart's TikTok Ambitions
- Walmart's pursuit of TikTok showcases its ambition beyond traditional retail.
- They aimed for majority ownership, highlighting the platform's potential for e-commerce and data access.
Walmart's Failed Consortium
- Walmart initially partnered with Alphabet and SoftBank for a TikTok bid.
- The US government favored tech companies, deeming Walmart not "tech enough."
Facebook vs. Apple
- Facebook actively keeps the App Store fee controversy in the news.
- They highlight Apple's rejection of their transparency message.