12/2/2023 0 Comments Tik tok stock forecastThe stocks in this report could perform even better. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. Whether this is just fad or not remains to be seen, but I still don't see strong synergies with any of its acquires, so I would be apprehensive about buying into this acquisition.Īs of now, it looks likely that Microsoft and Walmart are likely to be the acquirers of TikTok, but what they plan to do with this meme machine remains a mystery.īreakout Biotech Stocks with Triple-Digit Profit Potential Still, TikTok is already 4 times bigger than Vine ever was, with 800 million active monthly users and over 2 billion downloads worldwide. TikTok could die the same slow obsolescent death that Vine did if it doesn't continue to captivate its audience. It is almost identical to the late Vine with its short video clips and meme-worthy trends. This application has all the makings of a fad. My concerns are the same as every other analyst: that TikTok will not generate sufficient long-term returns. I think the acquirer would be in good favor with both the government and the younger population who are driving a growing portion of the economy. This looks like it is a play to appease the 80 million users in the US today. I am skeptical about this user data's value and don't think the app would be nearly as attractive if a Walmart ad popped up every 30 seconds. Some speculate that Walmart could leverage the app for digital sales, while Microsoft and Oracle could utilize the user data. I have been attempting to wrap my head around the added value & synergies of this acquisition to the current bidders. This novel restriction may include TikTok's proprietary algorithm's sale and could require a sign off from the Chinese government.Īll in all, this new restriction has reduced the chances of a deal. The Chinese government is not going to let TikTok go without a fight, and this was made clear on Friday when Beijing released a new constraint on exports of artificial intelligence technology. ByteDance is asking for $30 billion to purchase its social media behemoth, but the acquisitionists are still in negotiations, according to those familiar with the deal.Īs of now, Microsoft ( MSFT) and Walmart ( WMT) are teaming up in a peculiar dual acquisition bid, while Oracle ( ORCL) is partnering with private equity investors. Those in the running for this forced acquisition have rotated with bids around valuation being broad-based.
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