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After Microsoft, Twitter is Dancing with TikTok

Twitter is making moves to the Chinese-owned app, TikTok.

Microsoft topped technology news last week after stating its desire to buy US shares of the video-sharing app from its mother company ByteDance. The on-going deal sparked mixed reactions from users, especially from the Chinese community.

Just days after the negotiation, Twitter enters the whirlwind situation. Reports claim that the social networking company had preliminary discussions with the video-sharing app. But, neither party confirmed anything.

However, bad news for all involved as there seems to be nothing that will make President Trump sway from his resolve. The president issued an executive order on August 6 which will effectively ban TikTok from the United States.

The EO is expected to enter into force 45 days after its issuance, until then the TikTok is officially open for acquisition.

In response, ByteDance expressed that it will retaliate against the Trump administration’s aggressive actions. They will issue a lawsuit expected to come early in the week.

There is no denying that Microsoft is farther ahead with the deal. The NASDAQ frontrunner got Trump’s backing to buy TikTok, under the condition that the US government gets a substantial portion of the proceeds.

In terms of financial capability, Microsoft has a market capitalization of $1.6 trillion compared to Twitter’s modest $29 billion. However, the only advantage of the social networking site is the former’s current involvement in the alleged antitrust law violation.

This is Twitter’s second attempt to venture into short-video making after its acquired startup Vine closed in 2016.

 

Twitter Hacking is a Serious Business Threat

Meanwhile, the Twitter hack happened last month. It involved 45 of the world’s most prominent names in tech, politics, and entertainment industries is coming to a close, but not so fast.

The high-profile hacking spree was able to access the accounts of Barack Obama, Elon Musk, Joe Bidden, Bill Gates, Apple Computer, among others. The scam, disguised under a bitcoin double money return, was able to extort $100,000 from the big personalities’ Twitter followers.

Meanwhile, provisions of modern technology can sometimes turnout as both the boon and the bane in video conferencing trial proceedings.

The trial of the 17-year old hacker happened via Zoom, was plagued by “zoombombers” who wreaked havoc through sharing explicit and racist contents while proceedings are on-going.

The high-profile trial faced immediate termination and preceded later with a password-protected conference. Still, trolls were able to get access through impersonating as CNN or BBC correspondents.

At the end of the day, the Judge was able to reach a decision. The hacker’s request to reduce his bail money of $725,000 was refused. He does not have to disclose the details of the source of the bail money, as stipulated by the court.

In talks for building a subscription-based service for its users, Twitter is again under scrutiny as hacking incidents continue to be regarded as a global security threat.

Past incidents involve the shutting down of Trump’s account in 2017. As well as, the “spying” allegations for the Saudi government by two of the company’s insiders.



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