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US moves to force ByteDance to sell TikTok

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Re: US moves to force ByteDance to sell TikTok

#52
post #5

I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

Does China allow Facebook to work in China?

Even if this is reciprocity, it doesn't make sense. If this is the way it is, then services originating from other countries, not just China, should be treated the same way.

Re: US moves to force ByteDance to sell TikTok

#53
post #17

Earlier quoted context omitted.

I think it's pretty agreed upon that for capitalism to work you need some limitations. This argument is just snarky tbh. We all know that the US has agencies checking monopolies.

How effective are those agencies? In the tech sector, for example, what came after the 20+ year old United States v. Microsoft Corp. anti trust case that concluded w/out breaking up Microsoft and soft balled the penalty? Has that acted as a real deterrent in the tech sector, or is it just a footnote about how hard anti monopoly cases can be in practice?

I think the us can do even more in that regard! I remember recent acquisitions being blocked, so they are doing something.

Re: US moves to force ByteDance to sell TikTok

#54

Tiktok probably will move out of US market then US market is great to have, but there is still the rest of the world too

>Tiktok probably will move out of US market then

When the Trump administration came close to forcing a divestment/shutdown on TikTok in 2020,^1 Americans were 10% of TikTok's user base but 50% of revenue. Of the top 50 most-followed accounts https://en.wikipedia.org/wiki/List_of_most-followed_TikTok_a...>, 21 of 50 are American.

^1 And boy, do Democrats who shouted Orange Man Bad back then now wish they had supported the move

Re: US moves to force ByteDance to sell TikTok

#55
post #39

Earlier quoted context omitted.

Does China allow Facebook to work in China?

Technically yes. Google also. The caveat being they expect data and servers etc to be present within China and unlike the EU don't allow data to leave China. The penalties are also much much higher. There are also rules around applying censorship and other requirements, not dissimilar from operating in Thailand, Vietnam, India and probably other markets but those are the 3 I'm very familiar with. Google previously wa…

The other countries you mentioned doesn't have anything like the great firewall of China. Google etc failed in China because the content you have left once you removed all the sites China bans didn't have many useful hits, that isn't the case in the other countries you talked about. In order to compete at all they would need to redo their algorithm and service from the ground up to fit the Chinese internet because they ban so much that you can't reuse what you did for the rest.

For example, the only countries that bans the entirety of Wikipedia is China and Myanmar, and China has done that much longer. The scale and severity of Chinas censorship is on a whole different level from any other country. Russia censors a few wikipedia pages, China just bans the entire thing, those two are nowhere close and one is much harder to deal with. The other countries that banned wikipedia did so for only a limited period of time or just a small subset.

https://en.wikipedia.org/wiki/Censorship_of_Wikipedia

Re: US moves to force ByteDance to sell TikTok

#56
post #5

I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

If TikTok were a Canadian, British, French, German, Korean, Japanese, or Taiwanese company, the US government wouldn't have intervened in the first place.

Conversely, if TikTok were a Canadian, British, French, German, Korean, Japanese, or Taiwanese company, American would not have to fear a hostile government silently gathering data on American users, or a company repeatedly shown to be lying about using its app to do so.

Re: US moves to force ByteDance to sell TikTok

#57
post #20
post #13

How would this actually work? How would the US force a Chinese company to sell? What if they didn't?

How would TikTok collect ad revenue if it‘s illegal in the US? Furthermore, a US judge could presumably just order to take down their DNS globally. Furthermore they can presumably compel Apple and Google to remove the app from the store.

What would stop them from publishing an APK to download?

Re: US moves to force ByteDance to sell TikTok

#58
post #55
post #39

Earlier quoted context omitted.

Technically yes. Google also. The caveat being they expect data and servers etc to be present within China and unlike the EU don't allow data to leave China. The penalties are also much much higher. There are also rules around applying censorship and other requirements, not dissimilar from operating in Thailand, Vietnam, India and probably other markets but those are the 3 I'm very familiar with. Google previously wa…

The other countries you mentioned doesn't have anything like the great firewall of China. Google etc failed in China because the content you have left once you removed all the sites China bans didn't have many useful hits, that isn't the case in the other countries you talked about. In order to compete at all they would need to redo their algorithm and service from the ground up to fit the Chinese internet because th…

> because the content you have left once you removed all the sites China bans didn't have many useful hits

You mean non-Chinese content? Chinese users aren't interested in non-Chinese content by and large. English literacy is better now than it was when Google pulled out and it's still pretty bad.

Dealing with the censorship is trivial. The problem was they couldn't compete on merits and got absolutely dunked by Baidu on search and maps (though there is a ton of competition in maps these days, namely Amap and Gaode Map but it was true when Google pulled out). Primarily because of localisation (because it's natively Chinese) and also because Baidu looks and works like the rest of the Chinese web.

For similar reasons Yahoo is still huge in Japan. It looks and feels Japanese. Google does not.

I really reject the idea that Google failed because of censorship. All of their Chinese competitors had the same restrictions and came out on top is all.

Re: US moves to force ByteDance to sell TikTok

#59
post #27

Whenever the EU forces US companies to do something, we get collective outrage on here. So I was wondering: Can we get some collective outrage for this as well? Otherwise I can just conclude that there's a double standard about this kind of thing here.

Nope, just a big difference between a one-party state and multiparty states.

Re: US moves to force ByteDance to sell TikTok

#60
post #28

Earlier quoted context omitted.

How does owning a company and making money, just not in one country, not make sense vs. not owning a company and letting other people make money?

They can keep the company, just not in the US. Furthermore it really depends on the price. If I make an annual profit x that is expected to grow to y eventually, then I would certainly sell you that company for 100 * y. Maybe even 10 * y.

Wait so if Bytedance divested… there can be two Tiktoks? Tiktok US and Tiktok world?
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