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Who in the US could realistically buy it? And how could ByteDance sell TikTok without selling its Chinese counterpart Douyin (that it shares its codebase with)?
by throwaway4good 2y ago
Who in the US could realistically buy it? And how could ByteDance sell TikTok without selling its Chinese counterpart Douyin (that it shares its codebase with)?
- presentation 2y agoFacebook (fold it into Instagram)? Google (fold it into YouTube Shorts)? Elon Musk if he wants to lose even more money? Or any other very rich big tech company that wants to have an insanely addictive social media app? If nobody buys it then it will lose much of its value anyway by not being usable by a huge moneyed market which will apply downwards pressure on the price as buyers play chicken with each other. Plenty of buyers.
- throwaway4good 2y agoFacebook and YouTube. Wouldn’t this be against US monopoly regulations?
- uyzstvqs 2y agoElon will definitely relaunch Vine if the opportunity presents itself here, but in a more similar style to TikTok. It could very well become the top popular alternative if TikTok were to become unavailable.
- richeyryan 2y agoIt seems like the move is to force ByteDance to set up a company incorporated wholly in the United States, which would then be subject to the oversight of the US government. Then, Byte Dance would lease the IP surrounding TikTok to this separate company. All the US customer data would be siloed on US servers and perused by US agencies and Byte Dance would still get their revenue from the US market. I don't know if the close association with ByteDance and China would still make that sort of arrangement a target of the US government.
- iLoveOncall 2y agoThe move is to ban TikTok.
- throwaway4good 2y agoThat seems to be the case - big win for the lobbyist of meta and Google.
- The_Colonel 2y agoByteDance can avoid ban by selling it. Why wouldn't they sell it?
- throwaway4good 2y agoI don’t think they can sell it without the Chinese part. Which they probably cannot sell. So basically it is a ban.
- The_Colonel 2y agoWhy can't they sell it without the Chinese part?
- throwaway4good 2y agoAs it is now ByteDance is owned by 60% mostly US investors and 40% by mostly Chinese founder and employees. Would it be ok with this law if they brought down the 40% to 20% by an IPO in Singapore or the UK?
- pb7 2y agoIt doesn’t matter because it is still ultimately controlled by the CCP.