Microsoft Saw Huge Stock Jump After Tiktok Rumors
Following the confirmation thatMicrosoft is interested in purchasing TikTok, the American tech company’s stock price and total value experienced a significant surge as a result. However, the stock price and the total value has decreased in the week after the news, though this should not damper investor confidence. A report by Business Insider highlighted how the stock rose 5%, leading to an approximate increase in total value by $77 billion. While the stock price has decreased over the week since the news, which originally came from ananonymous source before Microsoft itself confirmed it, these discussions have excited investors seeing a major opportunity as a consequence of President Donald Trump’s executive order effectively banning the app....