Amazon is reportedly considering acquiring TikTok, as the two companies have been deepening their relationship. Amazon has been utilizing TikTok's platform to tap into social media, while TikTok is leveraging Amazon to enhance its e-commerce capabilities. Insiders suggest that this partnership could help both companies counter potential regulatory challenges, including a possible ban or forced divestiture of TikTok. A former head of sales at TikTok mentioned that 'the writing is on the wall.' The speculation arises amidst Amazon's broader strategy of placing shoppable ads on various social media platforms, including Facebook, Instagram, Pinterest, and Snapchat.
Is Amazon Angling To Buy TikTok? The Two Companies’ Ties Deepen https://t.co/C0QaC7uau9
This story says that Amazon buying shoppable ads on TikTok means Amazon could buy TikTok. OK. Amazon is also putting shoppable ads on Facebook, Instagram, Pinterest and Snapchat. Is it going to buy them too? My story on Amazon's rationale for these deals: https://t.co/IbhTB7sFe3 https://t.co/ZOHkDllgxW
Amazon’s turning to TikTok to tap into social, and TikTok’s turning to Amazon to strengthen its burgeoning e-commerce business. Insiders say that these “frenemies” locking arms could help thwart a ban. https://t.co/NtzARhXJ7q https://t.co/Tzn4SuxP9t