The year 2020 has been a game-changer for many industries across the globe. One of the significant changes that have taken place is the Microsoft agreement 2020. In August 2020, Microsoft announced its decision to acquire TikTok, which caused quite a stir in the tech world.
The agreement involved the acquisition of TikTok`s operations in the United States, Canada, Australia, and New Zealand. The deal was aimed at addressing the security concerns raised by the US government regarding TikTok`s operations. The government accused the app`s parent company, ByteDance, of being closely linked to the Chinese Communist Party, which raised concerns over data privacy and security.
Microsoft`s acquisition of TikTok was seen as a major move that would not only address the security concerns but also help Microsoft expand its reach in the social media landscape. The deal would also give Microsoft access to TikTok`s user data, including user behavior and engagement, which could be used to enhance its own services.
However, the deal hit a roadblock as TikTok`s parent company, ByteDance, rejected Microsoft`s offer, and instead, partnered with Oracle. Under the new agreement, Oracle would become TikTok`s trusted technology provider and would host the app`s user data. The deal was aimed at addressing the security concerns raised by the US government, while also ensuring TikTok`s operations could continue.
The Microsoft agreement 2020 was a critical move that had the potential to reshape the social media landscape. However, with the deal falling through, it remains to be seen what the future holds for Microsoft`s foray into the world of social media.
In conclusion, the Microsoft agreement 2020 was a significant move that could have addressed the security concerns raised by the US government regarding TikTok`s operations. The deal would have also expanded Microsoft`s reach in social media and given the company access to TikTok`s user data. However, with the deal falling through, the future of Microsoft`s foray into social media remains uncertain.