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Should You Buy This Tech Behemoth As The China/USA Tech Cold War Accelerates?
During his time in office, President Trump fought China on many fronts to combat trade imbalances among other things.
Because of this, while in office President Trump ordered Chinese company ByteDance to sell its U.S. operations for the popular Tik Tok app.
At one point Microsoft was going to buy the company… Then it was others. Then it finally ended up with a group of companies led by Walmart and Oracle.
These fights over tech and privacy and data will only continue ramping up… With some saying this is the 21st century version of the Cold War.
Instead of potentially fighting with nuclear weapons though, this is a fight with Tech.
And news came out in February that many missed… But it shows Biden further taking steps away from former President Trumps policies toward China.
Back in February the Biden Administration announced that it was no longer going to force TikTok’s operations to sell to Walmart and Oracle.