Two giant companies Walmart Inc and Microsoft has come up to buy Tiktok. This can be considered as a signal that both the companies thirst to become a major in technology and media in order to reach younger shoppers. The two retail companies already work together, as Microsoft’s Azure cloud platform is used by the entire Walmart Company. This news has increased the share rates of the companies. Walmart witnessed an increase of 3.6% to $135.47 in New York. It is to be noted that Microsoft was already busy in discussing the buying of Tiktok operations in US, Canada and New Zealand from the past few weeks .
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