A man walks past a Walmart store in Washington, D.C. on July 15. Walmart said it was "confident" that its joint deal with Microsoft would satisfy both TikTok users and U.S. government regulators.

Walmart cited a potential boost from TikTok to its online presence, including the giant retailer’s efforts to grow online advertising and a marketplace for third-party sellers.

(Image credit: Andrew Caballero-Reynolds/AFP via Getty Images)

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