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> Why would the company convert their main product into a competitor? Thats easy to answer. The reason why is because they'd get paid 10s of billions of billi
by stale2002 2y ago
> Why would the company convert their main product into a competitor?
Thats easy to answer.
The reason why is because they'd get paid 10s of billions of billions of dollars for it, and otherwise their investment would massively lose a large amount of value otherwise.
Also, bytedance wouldn't be competing with tiktok anymore in those markets as they'd have sold it off.
So the choice is either to make a bunch of money, or to instead have their investment become worthless.
- ralfd 2y agoBut would a new US-Tiktok not try to expand globally? Original-China-TikTok would then compete with US-Tiktok in Europe and elsewhere.
- stale2002 2y agoNo, because "original tiktok" has a different name in China and doesn't compete significantly outside of China. The tiktok that you know about is the international app that already doesnt compete with the rest of bytedance.