◆ SpookStack

Executive MBA TikTok is asocialmedla platfom targeted at young mmobile phoxe users. It was the second-most downloaded app in the world in 2019. It was the nost downloaded app in July 2020. Owned by Chinese company ByteDance, TikTok has been banned by India along with 58 other Chinese- owned apps in July in response to escalating border tensions between the two countries.. The Trurnp administration, which considers the app a security risk, issued an executive order banning TikTok and Chinese- owned messaging platform Wechat frorn engaging in transactions in the United States Also Thursday, TikTok CEO Kevin Mayer resigned amid U.S. pressure for a sale. In a letter to employees, Mayer said that his decision to leave comes after the "political environment has sharply changed.". Walmart and Microsoft's bid come as Walmart reportedly prepares to launch its own Amazon Prime rival, a subscription service called Walmart+.. Oracle is also bidding to buy TikTok.. (The Canversation, via The Associated Press, contributed to this report.). In This Story Microsoft Coro., Wahnart lnc., TikToks, ByteDance Ltd., Keyin Maye.