RE: News19 Aug 2020 02:53
TikTok has a huge market cap, is facing an impending infringement lawsuit, has been banned in India and soon to be banned in the US, has questionable security and is losing celebrities and influencers en mass to Triller.
Triller was reported the number one app, is ultimately a better product than TikTok (especially for musicians), has access to a huge catalogue of music thanks to 7DIG, popularity and momentum is on it’s side, supported by President Trump and legendary sporting figures. As it’s user base grows exponentially, so does the income to 7DIG. I wouldn’t be surprised when Oracle and Microsoft perform due diligence, if an offer is made for Triller instead.
Then with 7DIG having a larger catalogue of music than Spotify, using advanced cloud technology and already providing services to Triller, Shopify apps etc, could just be a matter of time before a buyout play is made for 7DIG.
IMHO, 7DIG remains a very interesting stock to hold, accumulating the dip.