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A corporation that would rather shut down and lose tens of billions of dollars rather than have the CCP lose control over it, isn’t a corporation. It’s an intelligence operation.
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CBS News
@CBSNews
TikTok says it plans to shut down site unless Supreme Court strikes down law forcing it to sell. cbsn.ws/429s7ni
David Watson 🥑
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Did Facebook threaten to pull out of the EU if they were forced to comply with new regulations on personal data? Or in Australia if they had to comply with new news media regulations.
I’m not sure what point you think you’re making here. Facebook challenged but then complied with EU regulations and still operates there pursuant to those regulations. Because it’s a business not an intelligence operation.
Google complied with censorship requests until the PLA conducted hacking operations against them at which point Google redirected traffic to the Hong Kong site and Beijing decided to ban access.
Let me steelman the other side (with the caveat I have no clue): First, US users account for just 5% of ByteDance's daily active users worldwide, so it's not about destroying the main line of business. Second, the TikTok algorithms' intellectual property license is registered
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All morning so many posts saying the exact same thing. But no one can explain how it is in TikTok's best interest to create a powerful competitor that can then iterate on its app and then compete with it globally.
Good riddance! And while we’re at it, we need to retract the red carpet entirely. Take back all the land the ChiComs bought.
And now we need to look at the other Bytedance app people are downloading, Lemon8. Anything managed by the CCP we can expect to be part of an intelligence op.
tiktok is the usa version of douyin. tiktok has less than 10% of the users of douyin. douyin makes far more money than tiktok, even proportional to users here. they would be closing tiktok. not the business. its really not that hard to understand.
It's not just intelligence... Using recommendation engine they can steer users' preferences (i.e. start from their true preferences and gradually move towards propaganda). If they are not using it for propaganda, they are dumb. It can be heavily personalized, virtually
That's not really right. Your statement implies that the parent company (ByteDance) is allowed to make the decision to sell its stake in TikTok. No way Xi Jinping would allow a prominent Chinese company to be pushed around by the US.
And it's destroyed our youth's ability to focus as much as the 'gram or anything else. Adios, CCP spyware. Put your f--king phone down and go back to the cinema.
I might agree, but I don't have to look far into the future to see the EU doing similar strong-arming with X, and I would hope the company holds its ground.
Maybe they just don’t like to be told what to do. Out of principle. What you’re saying is if some foreign country doesn’t just roll over for us at the snap of our fingers, they are the bad people? Are you insane?
Twitter(X), Facebook, Instagram, Google These are all intelligence companies masquerading as social platforms/personal services. None of these companies would simply sell their data to avoid “losing money”- the data is the gold mine, not the revenue.
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phillys black marxist ☭
@Forever_noir_
Replying to @ECaliberSeven
It makes sense to me. I don’t really understand why pro capitalist folks don’t understand capitalism. If they sell tik tok to an American company the parent company has to sell its IP for its algorithm. Why would they do that to keep 16% of its users.
let me play devil’s advocate - what if tesla was forced to sell in China (which they sold ~37% of all its cars to); would you expect tesla to simply capitulate and give away it’s operations or expect them to fight teeth and nail?
A government that isn't enacting privacy laws but is forcing exactly one app to sell isn't concerned about your privacy. They're concerned about information flow. The Saudis own this app, yet crickets. Facebook can sell your data to China. Don't pretend this is about us.
It's a modern version of the King Solomon decision. We now know who is the baby's parent.
I think it’s more so US is like not even 20% of users and selling to US firm is selling the proprietary algorithm, which is why tiktok is worth money
Maybe, but again, whats the guarantee that it would be profitable? US is not even their biggest market
At least this bait isn't going to get a payout because lord this was the dumbest shit I've seen a blue check say today. And that's saying something because you fucktards are notoriously stupid.
I’m sorry but this take is dumb. All U.S. companies have ties with the government. This is nothing new. CCP is not special. It’s just a foreign government being demonized. In this context you’re asking a company to give away shares for free, this is unacceptable and humiliating.
When the government gets out of the way and entrepreneurs take the wheel, businesses thrive. Brock Hutchinson, founder of Big Frig, knows that there is no better place to root his company and execute his vision.
1. It'd be a complex fire sale with an undesirable price. Have to carve out the US part and restrict the new owner to the US market and not compete with them in others. 2. They'd rouse the ire of the CCP, who can punish and hurt their Chinese business which is far more valuable.
When the government gets out of the way and entrepreneurs take the wheel, businesses thrive. Brock Hutchinson, founder of Big Frig, knows that there is no better place to root his company and execute his vision.
Corporations, like TikTok & its parent ByteDance, don't choose who their shareholders are. To the extent that the PRC/CCP influence their shareholders, it may be worth huge losses to deter US Gov't from forcing sales of other Chinese-owned firms. A pattern is being set here.
A government that prevents the use of an app b/c it doesn’t like that users create and share anti-genocide content, isn’t a government. It’s a genocidal oligarchy.
No, it’s a company that’s not going to sell until there is a decision about whether or not it HAS to sell
They dont care if you shut it down because they are having their users move to another sister app, they can continue making the money.
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TikTok profited $16B out of $120B from US users. I wouldn’t sell my secret sauce at the cost of losing a fraction of my profit either. The US is only the losers in this situation.
The law only punishes users of the app and not the owner, so why sell and create a competitor when everyone will VPN into it and give TikTok money anyways?
And FB/Google willing to shut down its mainland Chinese business Instead of following Chinese regulation on data storage/screening (which Microsoft / Apple happily complies, and which tiktok is already doing in US) will make them US spy-orgs as well?
They're only shutting down in the U.S. 🙏 Facebook and Google did the same thing when they refused to comply w/ Chinese laws in China...
When the government gets out of the way and entrepreneurs take the wheel, businesses thrive. Brock Hutchinson, founder of Big Frig, knows that there is no better place to root his company and execute his vision.
It’s def ccp intel op but they would 100% sell it if the price was right. Have we seen a single offer made? Meta is worth 1.5 trillion and TikTok is eating its lunch. Would price it around 500+ billion and that’s conservative.
So bow down to bullies and give up your morals for the sake of profits?? You sound like a great person
It’s a violation of the first amendment. It’s not a question of national security. The issue is data collection which can be resolved. We know the real reason why they are banning Tik Tok because they openly admitted it.
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I think we should force all US media companies to sell any ownership that is of wealthy origin. Why doesn't Facebook want to sell their company to middle class Americans for a few billion? Is it a propaganda system of wealthy elites?
When the government gets out of the way and entrepreneurs take the wheel, businesses thrive. Brock Hutchinson, founder of Big Frig, knows that there is no better place to root his company and execute his vision.
Why are people so stupid - ofcourse it's an intelligence gathering and propaganda platform. The rule should be - no foreign control of propaganda platforms. For obvious reasons. If people don't get this they are compromised or should be sent back to kindergarten.