"Being big in the social media business is no simple game," Bill Gates said of Microsoft's potential acquisition of TikTok.
Microsoft, which is in talks to buy part of Chinese video app TikTok, is one of the few US tech titans that have managed to succeed in China. The software giant has kept its business alive in the country by complying with strict local laws, despite the communist nation's wide-reaching censorship. Microsoft arrived in China in 1992 and opened its largest research and development centre outside the United States.
Serum Institute of India said on Friday it would receive $150 million in funding from the Bill & Melinda Gates Foundation and the GAVI vaccines alliance to make 100 million COVID-19 vaccine doses for India and other emerging economies as early as 2021. The candidate vaccines, including those from AstraZeneca and Novavax, will be priced at $3 per dose and will be made available in 92 countries in GAVI's COVAX Advance Market Commitment (AMC), the company said in a statement. The Gates Foundation will provide the funds to GAVI, which will be used to support Serum Institute.
The social media giant's shares rose on Thursday after the launch of its new TikTok rival Instagram Reels.