Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, August 7, 2020

Article Excerpt

MICROSOFT CORP., $212.48, Nasdaq symbol MSFT, remains a buy. The company is the world’s largest software company. Its Windows operating system powers about 85% of the world’s personal computers. Microsoft is now negotiating with China-based ByteDance Ltd. to buy its popular TikTok video-sharing mobile phone app. The Trump administration has threatened to ban TikTok in the U.S. on September 15, 2020, over its allegations the app is secretly collecting personal user data on behalf of the Chinese government. Microsoft has now confirmed that it is interested in buying TikTok’s operations in the U.S., Canada, Australia and New Zealand. However, media reports this week suggest that Microsoft may want to buy all of TikTok. The company held cash and equivalents of $136.5 billion as of June 30, 2020, so it can afford the potential $100 billion price for the entire company. TikTok videos, which are only 3 to 15 seconds in length, are hugely popular with teenagers. In fact, the site now has over 1 billion users…

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