TikTok Net Worth: $50 Billion.

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Walmart confirmed it’s teaming up with Microsoft in a bid for TikTok. The app is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that’s likely to be in the $20 billion to $30 billion range, sources say.

By the financial year ending on June 30, 2018, Walmart’s total assets were $204.5 billion, about five times larger than Target’s comparatively modest $39 billion. In terms of market capitalization, Walmart’s $319.67 billion is more than 6.5 times larger than Target’s $44.41 billion, as of early July 2019.

Walmart’s top competitors include eBay, Ascena Retail Group, Qurate Retail Group, Albertsons, Giant Eagle, Kroger, Lowe’s, Costco and Target. Walmart is a retailing company that operates a chain of hypermarkets, discount department stores, and grocery stores.

Walmart has faced issues with its employees involving low wages, poor working conditions and inadequate health care. Walmart has also faced criticism for being anti-union, but it has claimed that it is rather pro-associate, whereby employees can lodge their grievances with the company through their open door policy.

Walmart has had out-of- stocks and empty shelves at some stores in recent months. CEO Doug McMillon attributed it to high demand and supply chain challenges during the pandemic.

It is unethical to shop at WalMart. However refusing to shop at WalMart is an insufficient response to its gross effects on the values of shared prosperity. You could do more, such as: Support local efforts to keep WM out of communities, like Inglewood.