Microsoft's TikTok deal a poisoned chalice, says billionaire co-founder Bill Gates

Lawrence Kim
August 9, 2020

Now, Bill Gates, the man who co-founded the tech conglomerate over four decades ago, has chimed in, calling the still-unconfirmed deal a poisoned chalice for the company. "Being big in the social media business is no simple game, like the encryption issue". While he favoured having more competition in the social media space, Gates described US President Donald Trump's decision to ban TikTok as "pretty freakish".

Gates, who supports several medical research projects and vaccine research programs through Bill and Melinda Gates Foundation, has harsh words for the USA testing system. "But yes, it's a poison chalice", the billionaire philanthropist was quoted as saying in the interview.

"This may sound self-serving, but I think that the game being more competitive is probably a good thing", Gates said when asked if he was wary about the deal.

Trump, on Friday, told reporters that it will need the companies to come up with a deal that benefits the US Treasury as well for the deal to be approved.

In response, the billionaire said, "I agree that the principle this is proceeding on is singly odd". The cut thing, that's doubly odd.

"Following a conversation between Microsoft CEO Satya Nadella and President Donald J. Trump, Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States", Microsoft had said in a blog post on August 2. While Twitter is a more obvious social media giant than Microsoft, the latter also owns LinkedIn, which primarily operates as a professional social network. At the conclude of July, the New York Instances reported Microsoft was in talks for attaining TikTok.

Yet, Microsoft's consumer-focused forays haven't always worked out well, considering its prowess in the enterprise space. Cortana, the virtual assistant, seems to be going down that path-the app for Android and iOS will be shut down next year, along with Cortana access for Harman Kardon Invoke smart speakers and the first-generation Microsoft Surface headphones. As far as the treatment is concerned, Gates is positive about the antiviral medication remdesivir, which is now considered one of the promising drugs for Coronavirus, and the corticosteroid dexamethasone.

It remains to be seen how everything ends, but at this point, it's all just a matter of time until TikTok becomes a Microsoft-owned company.

Other reports by Click Lancashire

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