TikTok will not be sold, Chinese parent ByteDance tells US
TikTok will not be sold, Chinese parent ByteDance tells US
The video sharing app faces being banned in the US unless it severs ties with its China's ByteDance.
Here's Bernie Sanders from a year ago talking about how a handful of companies control the news people see, read, and hear. TL:DR - He makes the argument that it's not fake news, that journalists are usually hard-working and honest. He says the problem is the limitation of allowed discussion - what topics make it to the consumer. He says for instance that he's never asked about wealth and income inequality.
I believe TikTok is being banned because as it stands now it brings topics outside the limits of allowed discussion to a lot of eyes in ways US government/companies haven't proven able to control. If the issues justifying a potential ban were truly data security or mental health as some argue (not without merit mind you), then the legislation to address those issues would look a lot different and include companies like Meta, Google, Instagram, etc. Those are valid concerns but the new measure is clearly not designed around them.
Finally, we've seen how Trump can tie up the courts for months on end even after all his self-snitching. Thus I very much doubt we'll see any actual action in the 9 months + 3 months grace period laid out for the resolution of the TikTok matter. There are too many constitutional and business law challenges in my (admittedly layman's) reading of expert opinion.
Idk why so many people assumed they would its a data gold mine even with the USA blocked
I wonder if Tiktok will just make a seperate company that would comply before the 2025 ban comes to effect...
Or they will just exit the US market, interesting stuff.
I still think Glenn Greenwald views on this topic hold true.
"ByteDance doesn't have any plans to sell TikTok," the company posted on its official account on Toutiao, a social media platform it owns.
The sell-or-ban measure was signed into law by US President Joe Biden on Wednesday.
"We are confident and we will keep fighting for your rights in the courts," said TikTok boss Shou Zi Chew in a video posted on the platform this week.
"The facts, and the Constitution, are on our side... rest assured, we aren't going anywhere."
The Chinese government has also dismissed such concerns as paranoia and has warned that a TikTok ban would "inevitably come back to bite the US".
Since it hasn’t been mentioned yet; the real reason TikTok is being banned.
This makes sense as there still billions of other potential users around the world. Add to that the fact that other nations like content of their own cultures in their own languages. It means even if they will feel the change the platform won't collapse because it is missing US users. Now If other countries follow in the US footsteps then it becomes a different story.
But but but... the American government HATES having a light shined on it.
When will we Eminent domain US social media? The problem persists, just now there is no ticky tocky
Long as they dont criminalize possession
To all the trolls saying TikTok shouldn't be banned because free speech
Another comment I recently saw here on Lemmy put this really well:
Foreign owned, FARA-unregistered influence operations have never been a facet of "free speech" in the USA.
Bye felecia
If ByteDance have any balls they’ll sell to the shittiest company for the lowest bid.
Still think it's a baited headline given their stated intention to go to court to fight the "unconstitutional ruling". I'm not so sure the constitution gives foreign companies many legal rights so in that regard they'd perhaps be more protected if they were an American company. Whoops.
TikTok's 80% of investors who aren't ByteDance won't pass up billions of dollars in cash either if the alternative is that they forever get zero from the American market.
They've been investing heavily in the US market for the last couple years too, so I doubt they are in the black.
They've just all around played politics the American way very poorly. I can't really comment on whether that's good or bad but I'm blown away this Shou Chew CEO dude still has a job after this came down.
I hope that Lemmy server open source software allows extensions or plugins that enable those that run instances to have the option to automatically and continually back them up to the permaweb blockchain Arweave. What do you think about that?
Does Lemmy instance server software already allow for plugins or extensions to be utilized in a rather frictionless or efficient way? Hmmm
Limitless Peace!
In fact, even if they wanted to they can't.
Remember the "algorithm panic" that happened a couple years ago? The one that saw Zuckerberg the subject of a senate hearing?
During that, they made it illegal to sell algorithms.
So the TikTok logo can be sold, but it is illegal for them to sell the algorithm that is TikTok.