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AKIKO FUJITA: Let’s pay attention to the other big news of the day: a series of headlines about the possible acquisition of TikTok. If we take a look at Walmart’s inventory right now, achieving a new high, an increase of five and 1/2% with the news that it now joins Microsoft to get the Chinese app. Let’s find Dan Howley, who followed the headlines there.
DAN HOWLEY: I think that’s exactly what it is. It is a popular app for teens. And, of course, it’s a market for which everyone needs to get data, because it helps them tell them what they deserve to be looking for regarding the new products that will be offered and things in that regard. I think that’s where Walmart’s interests are.
Remember, they also try to fight Amazon in terms of delivery facilities and then video offers. They’re looking to offer something similar to Amazon’s Prime Video. So it makes sense that they need to perceive what teens and Generation Z, I guess the cohort, they seek to do online.
Now Microsoft makes sense. That makes sense. It’s a company that’s a first-generation actor. Provided on social media with LinkedIn, this is another type of social media.
Oracle, on the other hand, doesn’t make sense. This appears to be largely based on Oracle’s ties to the Trump administration. And it turns out that’s what it’s all about. I mean, you don’t think about Oracle and then you think about social media. You’re thinking about how they’re going to link my construction with Internet access, rarely like that, or anything like that.
So I think it’s going to go back to the two players, Walmart and Microsoft and Oracle. I think at the end of the day, he’ll go back to Microsoft and Walmart.
AKIKO FUJITA: Yes, this agreement or any other, this offer is evolving very rapidly. And several reports suggest they might have an official announcement of an agreement in the coming days. We’ll follow him very closely. Thank you so much for that, Dan.