Microsoft

Report: Oracle Beats Microsoft in Bid for TikTok

Oracle has won the bidding to take over the U.S. operations of the Chinese-owned social media app TikTok, beating out Microsoft in a deal to allow the platform to continue operating in the United States. According to some sources familiar with the deal, it is closer to a “partnership” than an outright acquisition.

TikTok video app

TikTok Sale in Jeopardy as China Rewrites Export Rules

The sale of the Chinese-owned social media app TikTok to a U.S. company may be shut down as China rewrites a number of export rules to give itself the power to veto certain sales, ultimately giving the communist government power over the TikTok deal.

china

Mark Zuckerberg’s Fortune Surpasses $100 Billion

Facebook CEO Mark Zuckerberg’s net worth has reportedly passed $100 billion for the first time after the social media giant’s stock price hit a record based on optimism about the release of its TikTok competitor, Reels. Only Jeff Bezos and Bill Gates also have fortunes worth more than $100 billion.

A picture taken in Moscow on March 22, 2018 shows an illustration picture of the Russian language version of Facebook about page featuring the face of founder and CEO Mark Zuckerberg. A public apology by Facebook chief Mark Zuckerberg, on March 22, 2018 failed to quell outrage over the hijacking …

Microsoft Permanently Closing All Retail Stores

Microsoft announced on Friday that it will permanently close all of its retail locations. The company behind the ubiquitous Windows operating system announced this week that their 83 retail locations would close as part of a larger effort to shift focus to online sales.

Satya Nadella, CEO of Microsoft, speaks at a media event in San Francisco, California on March 27, 2014. Microsoft is tapping into its software past as it maps its future in the rapidly changing world of Internet technology. Newly anointed Microsoft chief Satya Nadella on Thursday laid out a vision …