Microsoft reportedly wants to acquire TikTok's global business

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If recent reports are accurate, Microsoft doesn't just want part of TikTok's business. The tech giant supposedly set its sights on a total buyout of TikTok's global business from China-based company ByteDance. The deal, however, wouldn't include ByteDance's sister Chinese app Douyin.

The report surfaces in the same week Microsoft CEO Satya Nadella talked to US President Donald Trump about exploring the idea of acquiring TikTok's US, Canadian, Australian, and New Zealand businesses. Microsoft and ByteDance refused to comment about the rumours, and some reports refute the rumours. For now, we're keeping our eyes peeled for any updates on the popular app's future. 

Source: CNET

The Weeknd will host an AR virtual concert on TikTok on Aug. 7

For the first time, TikTok will be hosting an augmented-reality, live-streamed concert featuring Grammy Award-winning Canadian singer The Weeknd. He will be performing songs from his newest hit album After Hours. "The Weeknd Experience" is brought together by TikTok together with XO, Republic Records and virtual concert startup Wave. It will stream exclusively on the platform over at the @tiktok account on Friday, August 7, at 8:30 p.m. ET/5:30 p.m. PT. Fans can expect to see 3D renderings and picture-in-picture video used to create what's going to be an immersive live stream. And like with other TikTok live streams, viewers can interact in real-time, too.

The event will raise funds for the Equal Justice Initiative, which supports racial equality. Fans can donate directly from the app leading up to and during the show. TikTok said it would match the funds "up to a generous amount." And those who want to remember the experience can buy exclusive merchandise from August 6 until 10 only, with proceeds from the sales going to the Equal Justice Initiative.

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Facebook kills off its TikTok-like Lasso

If you were using the TikTok-clone Lasso, unfortunately, Facebook is killing off the app. Similar to what it has done with Snapchat, Facebook tried taking on TikTok by copying what it offers and hopefully push it out of the market. Lasso also lets you record short clips with music and effects. And while it's available in several countries with several languages it supports, it didn't catch on. That's why July 10 is the last day the app will be around. If you're a Lasso user, it's time to back up those videos you've made.

Source: Engadget