Amazon's $10.099 Billion Trading Volume Ranks Third as it Joins TikTok Bidding War

On April 2, 2025, Amazon's trading volume reached $10.099 billion, ranking third in the day's stock market activity. Amazon (AMZN) rose by 2.00%, marking two consecutive days of gains, with a total increase of 3.02% over the past two days.

Amazon has made a last-minute bid to acquire the popular short-video app TikTok, according to reports from The New York Times. This move comes just days before the mandated sale deadline, as the U.S. government requires TikTok's parent company, ByteDance, to divest its U.S. operations by January 19, 2024, or face a ban. Amazon's bid, submitted via an offer letter to Vice President J.D. Vance and Commerce Secretary Howard Lutnick, has raised speculation about the company's strategic intentions. However, sources suggest that other parties involved in the talks are not taking Amazon's bid seriously. The future of TikTok remains uncertain as President Donald Trump is expected to discuss the matter in an Oval Office meeting.

Amazon's entry into the bidding war for TikTok has added a new dimension to the ongoing negotiations. The e-commerce giant's move comes as other major players, including Blackstone, Susquehanna International Group, General Atlantic, and Andreessen Horowitz, are also rumored to be interested in acquiring the app. The White House is reportedly close to approving the sale of TikTok's U.S. operations, with Oracle remaining the likely frontrunner. Amazon's last-minute bid has raised questions about the company's long-term strategy and its potential impact on the social media landscape.