Twitter sacrifices $1 billion to rival TikTok

The Chinese language video sharing software, which has just lately come to the fore with its issues with the USA TikTok, attracts the eye of different corporations due to the variety of customers rising daily.

twitterhas been carefully excited about ShareChat, an India-based social media platform that has been serving since 2015.

Twitter, which has been supporting the platform with varied investments for some time, is now in talks to purchase it fully and produce it up towards TikTok.


Twitter, Buying ShareChat and has supplied $1.1 billion to stream its quick video app Moj to the worldwide market. As well as, Twitter will make investments a further $900 million if the acquisition takes place.

It’s acknowledged that Moj has greater than 80 million customers in India, which banned TikTok final yr. Alternatively, officers say that the acquisition talks between the 2 corporations haven’t been concluded but.

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