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TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

reuters.com

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Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#151

Post by temporalparts »

sushshshsh wrote: post #148
moneywoes wrote: post #131

Earlier quoted context omitted.

Can you fill us in what they did for those who are uninformed?

Chinese government didn't allow people in China to use US services (Google, Twitter, FB) and instead invested and marketed Chinese "clones" of these businesses (Tencent, Weibo, Baidu). Now that the Chinese owned TikTok is such a desirable app to use in the USA, the US government is blocking it in a similar fashion. To be honest it's all quite petty.

I wouldn't call it petty; these platforms control access to information and there's a huge ideological (figurative) battle between the US and China.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#152

Post by patrickaljord »

volgo wrote: post #140

The interesting thing is that these platforms come and go. One year it’s Vine, another year it’s Snap, now it’s TikTok. ByteDance bought musically for $1B in 2017 and turned it into Tok. 3 years later, it’s grown like crazy because it’s the latest fad and would be smart for them to cash out before the next new thing hits The whole divestment thing is probably a godsend for ByteDance, “forcing” them to liquidate their…

TikTok is not overhyped, it is here to stay, that's why they want to ban it. It's still growing like crazy and is way way more entertaining than any other social network by a long shot.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#153

Post by eirini1 »

jen20 wrote: post #82
puranjay wrote: post #45

Earlier quoted context omitted.

This is essentially admitting that the free market lost and doesn't work anymore. Because the free market has clearly decided that it likes TikTok, even enough to share its data with the company. I don't think people realize how significant this might be.

> even enough to share its data with the company. How many people do you think have opted into this with informed consent vs clicking through multiple pages of deliberately obfuscated terms?

how is this in any way in opposition to the free market? The information is freely acceesible, the fact that its hard to understand is the problem of the consumer no? The free market solution would be to have some kind of independent organization summarize this information and attempt to distribute it in the hopes people read.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#154

Post by smilekzs »

brandonmenc wrote: post #141

Future startup biz strategy: Chinese company makes huge viral app for the US market, and lets everyone stoke rumors that it's a spying platform. US gov't tosses a huge subsidy at whatever domestic company can acquire it at any cost - in the interest of national defense - resulting in massive overvalued purchase. China pockets the profits. Rinse, repeat.

But isn't it more likely that said Chinese company will have little to none leverage in the talks, because the choice is between getting banned or getting bought at a token (read: undervalued) price?

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#155

Post by Firebrand »

baybal2 wrote: post #95
namelosw wrote: post #66

From the US-China conflict perspective, it seems the Trump administration is looking for something that China cannot easily retaliate. China can easily pick a consulate to close when the US closes consulate in Houston. But businesses from the US in China always require Chinese companies to operate, just like World of Warcraft is operated by NetEase in China. After Microsoft acquire Tiktok's operation, if China just p…

Very much that. Beijing is running out of big "American" companies it can retaliate against. No Facebook in China, no Tviter in China, all major American brands are effectively franchises, or joint ventures, so they will be shooting their own business in the foot. They can of course order those Chinese joint venture owners to appropriate the American stake in their corporate entities, but those state never been high…

Tesla’s Shanghai Gigafactory is wholly owned by Tesla.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#156

Post by jariel »

chvid wrote: post #112

Great policy. The EU needs to do the same with American big tech.

If the EU banned American big tech, they'd be set aback 20 years. Of course where would be a populist revolution.

The difference between the EU and US on this matter, is that the EU has almost no substitutes, and they just don't - for whatever reason (there are many) have he will to do them.

And of course there's no point - what FB is doing is no different from what a EU-based FB would do.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#157

Post by chenzhekl »

RavlaAlvar wrote: post #75
pknerd wrote: post #46

US is doing with China what China did with them. American VCs and business men used to criticize and mock Chinese government for it. Since US is following the footsteps of China, I wonder whether Chinese will be doing what US VCs did?

If US successfully force China to open market, that would be a win for everyone. Of course though, this situation would only occur in fantasy land.

I don't think this move has anything to do with forcing China to open the market.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#158

Post by m3kw9 »

patrickaljord wrote: post #152
volgo wrote: post #140

The interesting thing is that these platforms come and go. One year it’s Vine, another year it’s Snap, now it’s TikTok. ByteDance bought musically for $1B in 2017 and turned it into Tok. 3 years later, it’s grown like crazy because it’s the latest fad and would be smart for them to cash out before the next new thing hits The whole divestment thing is probably a godsend for ByteDance, “forcing” them to liquidate their…

TikTok is not overhyped, it is here to stay, that's why they want to ban it. It's still growing like crazy and is way way more entertaining than any other social network by a long shot.

The type of entertainment TikTok provides is getting tiring. Is like fb videos on turbo. Sugar high can only last so long

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#159

Post by dalbasal »

temporalparts wrote: post #151
sushshshsh wrote: post #148

Earlier quoted context omitted.

Chinese government didn't allow people in China to use US services (Google, Twitter, FB) and instead invested and marketed Chinese "clones" of these businesses (Tencent, Weibo, Baidu). Now that the Chinese owned TikTok is such a desirable app to use in the USA, the US government is blocking it in a similar fashion. To be honest it's all quite petty.

I wouldn't call it petty; these platforms control access to information and there's a huge ideological (figurative) battle between the US and China.

Access to information is a euphemistic way of putting it. Another way of putting it would be control over the delivery of information...

It's all getting very Orwellian.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#160

Post by sergiotapia »

throwaway423342 wrote: post #136
sergiotapia wrote: post #106

Earlier quoted context omitted.

China is a communist regime. They can do whatever the hell they want, why would american companies spend any time conforming to their demands when they can pull the rug out from under them at any time. Also, they would be under their total control forever.

> They can do whatever the hell they want, why would american companies spend any time conforming to their demands when they can pull the rug out from under them at any time. I think you just described the US

You can literally stand in front of the white house and call president trump whatever you want. Nobody is going to stop you. Go stand in front of the white house with a picture of trump calling him a cheeto or whatever, you're fine. You cannot even call the chinese dictator winnie the pooh online in china, or you get gulag'd.
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