TikTok grab could extend — or undermine — US online dominance

Washington: A tie-up of TikTok with Microsoft could extend American dominance of the online and social media world. But it may have some unintended, negative consequences too for US firms and the open internet.

The deal being negotiated with the administration of President Donald Trump would carve out parts of the popular video app for Microsoft, which would gain a foothold in the fast-growing, youth-focused social media environment and join the ranks of rivals like Facebook.