twitter, ShareChatMoved to buy the . Current application of social media moj Twitter aims to compete with TikTok, China’s popular short-form video application. Besides, the company $1.1 billion It is stated that he made an offer to buy. A Rival To TikTok Is Coming!
A Rival To TikTok Is Coming!
Indian social media and social network service, ShareChat, has been in service since January 8, 2015. In addition, Twitter has been increasing its investments in social media for a while. Short-form video application owned by ShareChat, a social media company that wants to convert investment into purchase. mojIt is alleged that they have goals such as bringing . to the international market and competing with TikTok.
In addition to the said purchase offer, 900 million There is an additional investment of $. There is information that the talks about the agreement are not final yet. Additionally, TechCrunch revealed that both sides declined to comment on the matter.
India banning TikTok in 2020 Moj’s 80 million It is claimed to have many users. Twitter made this move to further increase these users and earn revenue.
ShareChat allegedly started to talk to investors, including Google. It started to increase in value with Twitter’s acquisition attempt. There are many comments and news that he makes good use of this opportunity.
So what do you think about the situation in question? Also, have you used TikTok before? You can share your thoughts with us and other readers by commenting below.