TikTok Deals, Investing in Real Estate
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 28 August 2020
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Full Money. |
| 0:18.0 | It's the Motley Full Money Radio Show. I'm Chris Hill joining me this week. |
| 0:22.0 | Andy Cross and Jason Moser. Good to see you guys. |
| 0:25.0 | Hey, Chris. We've got the latest headlines from Wall Street. |
| 0:28.0 | We will talk real estate investing with our man Matt Argusinger. |
| 0:31.0 | And as always, we've got a couple of stocks on our radar. |
| 0:34.0 | But we begin with a potential acquisition and an unlikely partnership. |
| 0:39.0 | Shares of Walmart rose 6% this week and hit a new all-time high on Friday. |
| 0:45.0 | After the retail giant confirmed it is teaming up with Microsoft in a bid for TikTok, |
| 0:51.0 | the wildly popular Chinese social media app. |
| 0:55.0 | TikTok is close to selling its operations in the US, Canada, Australia and New Zealand. |
| 1:00.0 | In a deal expected to be in the range of 20 to 30 billion dollars. |
| 1:05.0 | Andy, this is moving pretty quickly. So it's quite possible by the time people are listening to this. |
| 1:11.0 | The deal is already done. But when I first saw this news, it didn't make any sense to me why Walmart would get involved here. |
| 1:22.0 | Yeah, I think that probably was a little bit of a shock to many people. |
| 1:26.0 | But the more I thought about it, it kind of makes a little sense, Chris. |
| 1:29.0 | So just think about what Doug McMillan and the CEO at Walmart has been doing in their e-commerce business. |
| 1:35.0 | Trying to have so much success even before the COVID-19 lockdowns. |
| 1:41.0 | And having that success partnering with, for example, the likes of Shopify they announced earlier on. |
| 1:47.0 | Walmart has a very large e-commerce presence. When the larger sites out there, their e-commerce business is going gangbusters right now. |
| 1:54.0 | They generate a lot of profits and cash as does Microsoft. |
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