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TikTok is a video-sharing platform that allows its users to create and share 15-second videos. Its parent company, ByteDance, bought Musical.ly (which was later renamed to TikTok) in 2018, and all of the app’s users were moved to TikTok. Nowadays, TikTok is one of the fastest-growing social networking services. Its users can create videos and edit them using various filters, music, animation, etc.
Twitter has reportedly held "preliminary talks" with TikTok about its acquisition, but Microsoft is still the front-runner and is ready to pay more than $30 billion for the social media platform.
This week’s stories feature a browser game from Gucci that offers users to collect plastic from the ocean, a KFC lipstick with the flavor of hot chicken wings, and an auditory illusion on TikTok that perplexed netizens around the world.
The new Instagram feature called Reels has already been available in India and Brazil in test mode. Now, it is available to users in more than 50 countries, including, Japan, Australia, the United States, and European countries.
At a press conference in the White House, U.S. President Donald Trump explained in detail why, in his opinion, Microsoft or another "big," "secure," and "very American" company should buy TikTok.
In its blog post, Microsoft confirmed talks on the purchase of the American share of TikTok, and declared its readiness to continue discussing the potential deal after a conversation between Microsoft CEO and US President.
Due to the US pressure over the Chinese company, ByteDance is considering several options of how the situation may develop. That's why now some investors want to acquire the popular short video app TikTok.