ByteDance prefers TikTok shutdown in US if legal options fail, sources say

Oh no! Anyway...

It’s going to be to their advantage to claim that they’re shutting down, even if they actually want that $50B buyout. If they say they’re going to sell, they’re going to lose what little leverage they have left. The public that wants TikTok will get TikTok, and the public is going to stop pestering politicians about it.

Makes sense from a business point of view. Why sell to create a new competitor with the same technology and an impregnable market base in the USA?

Better to force US competition to start from scratch.

Do it.

TikTok's daily active users in the U.S. is also just about 5% of ByteDance's DAUs worldwide, said one of the sources.

So much drama in the US over this but it's apparently merely a money-losing afterthought for its owner.

EU next please

If ByteDance is a normal company they will seek profits and sell for as much as they can.

But if TikTok is a Chinese psyop, they'll just use any of the many legal tricks we allow to change the "owner" while China still retains control. Companies do this all the time, look at shell companies and such. It's super easy for China to mask the true owner if they decide to.

This is why we should make broadly applicable regulations instead of picking on one specific company.

The amount of people happy about their government deciding to ban websites and apps is terrifying. They dont give a fuck about your privacy they’re just mad they dont control the algorithm. Now they can have people move to instagram reels where its easier to serve the propaganda the oligarchs prefer

So be it. The vaccuum it will leave will get filled by another platform.

Good. Please proceed as quickly as possible.

They'd rather shut it down cause they dont want to sell it and let an American company see how they use and abuse it to gather information and manipulate behaviors.

That's fine, but I think they are lying.

And in case you don't understand, foreign corporations running FARA-unregistered influence operations isn't considered a facet of "free speech" in the USA.

Extremely hostile business takeover by the government.

Don't threaten us with a good time!

Good, that'll decrease the amount of stupidity in the platform for the international audiences to enjoy

This seems to be a pattern. Govts flex over tech companies, techs blackout a country instead of complying, repeat.

I'm curious, is there an actual plan to ban TikTok? How do they think they can accomplish that? And just how easy will it be to circumvent the ban?

Tombstone-Well.Bye.gif

Looks like it worked a treat. Do WeChat next!

Great news for Loops!

Bytedance announces to software developers: “Start your engines!”

Reuters.com is blocking vpn now apparently

Bye Felicia