3 ms·
Well yeah, of course Tiktok isn't going to get the best price now that it has tried and failed to play chicken against the US government. They should have seen
by stale2002 2y ago
Well yeah, of course Tiktok isn't going to get the best price now that it has tried and failed to play chicken against the US government.
They should have seen a law like this being passed coming years ago. That is more than enough time to divest.
Too late now for them, I guess. They can take the financial hit for being so bad faith.
- hollerith 2y agoWhy is Tiktok US no longer worth $10 billion or so? Why wouldn't American investors still want to buy it? My guess is that American investors would want to buy it, but want the algorithm, but ByteDance is not willing to sell the algorithm out of fear that sharing it would degrade its competitive position outside the US.
- stale2002 2y agoIf a 100-200 billion dollar valuation company gets sold for 10 billion dollars then they would be agreeing with my point, not disagreeing with it.