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The USA forcibly nationalized TikTok so they can install their own surveillance and censorship apparatus along with skimming from TikTok's profits. All while de

• hollerith 1y ago
  >The USA forcibly nationalized TikTok Unlike most nationalizations though in this case the company will be compensated: the new US entity will pay ByteDance licensing fees.
  • fogzen 1y ago
    Isn't that how it works in China? At least since the 80s. The CCP forces companies to insert their state-backed fund and officials into the cap table. Either through golden shares, forced mergers with state-owned enterprises, or forced equity sales.
    • hollerith 1y ago
      I dont know.
• vehemenz 1y ago
  Republicans, not USA
  • crummy 1y ago
    Isn't this as bipartisan as it gets? Trump wanted China to divest from Tiktok. Congress passed the bill. Biden signed it. The Supreme Court agreed that, yes, this is legal. Sure, people didn't vote for Larry Ellison to take control. But something like this is what we wanted, right?
    • Jensson 1y ago
      It is, if it was Democrats installing a government appointed board seat you'd see a very different response to this event from both sides, but both sides want to do this in the end.
  • 8note 1y ago
    USA is correct. Joe Biden signed the law, and Democrats didnt roll it back