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This is not a new precedent. The US government has placed foreign-ownership restrictions on media companies since before the public internet was a thing. The
by kelnos 2y ago
This is not a new precedent. The US government has placed foreign-ownership restrictions on media companies since before the public internet was a thing. The only difference here is that it's targeted at a specific company, but I'm not really up in arms about that, even though I think they definitely could have written the law without naming ByteDance or TikTok specifically.
- themaninthedark 2y agoNot just media companies, the government block a Japanese company from buying US Steel. Not out of antitrust concerns but due to the foreign ownership aspect.
- xp84 2y agoYup, and that was done against one of our most loyal allies.
- xcrunner529 2y agoYep, but people don't pay attention to history anymore and their ignorance keeps us repeating it.
- j33zusjuice 2y agoDid they ever?
- xcrunner529 2y agoI think more people in government did because they actually were educated and not just all grifters.