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The precedents have been set. China has been forcing tech giants to play by their rules for years. The US is on the edge of banning TikTok and WeChat unless the
by harryf 6y ago
The precedents have been set. China has been forcing tech giants to play by their rules for years. The US is on the edge of banning TikTok and WeChat unless they have US ownership. Facebook is embroiled in legal battles in Australia. And tech giant taxes have long been an issue.
So this is set to escalate all round and the EU would be silly not to be prepared.
- dalbasal 6y agobingo! The Tiktok affair is a change of the rules, and the EU generally operates within sight of what is considered reasonable in the US. The gap between China & the US's take on such issues was shrunk remarkably. EU politicians may or may not have the same reasons, but whatever the reasons, it is now OK to break up or force the sale of a tech/media giant and treat it differently because it's foreign.
- gedy 6y agoI think this glosses over that TikTok and WeChat are Chinese communication companies, not that they are just foreign tech companies.