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Trump wants 50% US ownership in a joint venture for Tiktok. Shouldn't be a problem since 60% of bytedance ownership is already non-China (probably a lot of it a

by Leary 2y ago

Trump wants 50% US ownership in a joint venture for Tiktok. Shouldn't be a problem since 60% of bytedance ownership is already non-China (probably a lot of it already US investors - General Atlantic/SIG) https://truthsocial.com/@realDonaldTrump/posts/113855616848696050 https://truthsocial.com/@realDonaldTrump/posts/1138556168486...

whatshisface 2y ago
All this and it was only 40% Chinese-owned???
- thatguymike 2y ago
  With the algorithm 100% Chinese-operated
  - deleted 2y ago
    [deleted]
- baq 2y ago
  You seem to think percentage of ownership works the same way in China as in the West. That’s an understandable mistake
illusive4080 2y ago
Doesn’t matter what he thinks. Executive cannot override legislative action.
- deleted 2y ago
  [deleted]
- pjc50 2y ago
  The law always allowed for divesting to US owners. It didn't specify who.
- metabagel 2y ago
  The Supreme Court can always say that it can.
- edoceo 2y ago
  Executive Order
thatguymike 2y ago
The ownership of the company is irrelevant, it's who has control of the algorithm and where the data flows. If Tiktok US licenses the algorithm from China (which seems likely) then none of the national security issues are addressed.
roskelld 2y ago
Chinese government has a golden shares deal with Bytedance granting their 1% ownership the ability to nominate a board seat. https://markets.businessinsider.com/news/stocks/tiktok-ban-bytedance-golden-shares-chinese-government-communist-party-board-2023-3?op=1 https://markets.businessinsider.com/news/stocks/tiktok-ban-b...
- Leary 2y ago
  That 1% golden share is in Douyin, the Chinese subsidiary of ByteDance, not ByteDance or Tiktok.