TikTok CEO Steps Down; Walmart, Microsoft Bid for the PlatformBy Andrea Villar | Thu, 08/27/2020 - 17:35
Just three months after accepting the TikTok CEO job, former Disney executive Kevin Mayer resigned this week. Hours after that, Walmart announced its partnering with Microsoft in an attempt to buy TikTok.
“We believe a potential relationship with TikTok US in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve omnichannel customers, as well as to grow our third-party marketplace and advertising businesses," Walmart said in a statement. "We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users, while satisfying the concerns of US government regulators,” said Walmart in a statement.
Mayer quit his job as the video-sharing app faces criticism from President Donald Trump over its ownership by a Chinese company, Bytedance. "In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require and what it means for the global role I signed up for," Mayer said in a memo to employees that was obtained by CNN Business.
More news below:
Technology is enabling organizations to reach mass markets. “Businesses have the opportunity to take advantage of the growing adoption of smartphones, reaching new generations - the digital natives - who will be the majority in a few years,” wrote this week in Mexico Business News Ricardo Arriaga, Innovation Director of Ironbit.
Apple partner and iPhone assembler Foxconn is reportedly considering opening a new factory in Mexico. Foxconn has plans to use the factory to make Apple iPhones and is likely to make a final decision on a new factory later this year. However, there has been no sign of Apple’s direct involvement in the plan yet, reported Reuters this week.
With this new UV wand, Boeing aims to introduce a reliable sanitization method that does not damage surfaces, to be used in conjunction with other sterilization protocols to protect passengers and crews from exposure to the virus. The company is working with 13 airlines in the development of this technology, which will be manufactured by a third party.
Researchers from the University of Nottingham will use grants from the UK Space Agency to fund satellite programs that will monitor the growth of sargassum in the Mexican Caribbean, a large environmental concern that has had severe repercussions for the local tourism industry.
Mexican startup Yalo managed to close a US$15 million series B funding round led by B Capital Group. This group, El Economista writes, wants Yalo to be a 'Mexican unicorn'. This investment round was also joined by Sierra Ventures, which led a US$10 million series A investment round in September 2019.