421–430 of 1001 posts
Reciprocity is a thing. I’m sure it won’t be difficult to suggest that certain US businesses operating in China “need to have Chinese owners” too. So I predict this will badly backfire. But on the whole I’m in favor of any and all laws undermining the mind cancer that is “social media”, irrespective of who controls it, worldwide.
Reciprocity is a thing. I’m sure it won’t be difficult to suggest that certain US businesses operating in China “need to have Chinese owners” too. So I predict this will badly backfire. But on the whole I’m in favor of any and all laws undermining the mind cancer that is “social media”, irrespective of who controls it, worldwide.
Requiring TikTok to sell is an overreach by the state. It will leads us on a path where companies will be strictly regional.
Not a fan.
Reciprocity is a thing. I’m sure it won’t be difficult to suggest that certain US businesses operating in China “need to have Chinese owners” too. So I predict this will badly backfire. But on the whole I’m in favor of any and all laws undermining the mind cancer that is “social media”, irrespective of who controls it, worldwide.
- ByteDance will challenge the ruling in court (>95%), but they will lose (80%)
- They then will succeed in selling TikTok US to a US company, despite what ByteDance execs and China are saying (75%)
- The sale will be for $30-50B (CI 50%), it won't include important ByteDance IP that will have to be recreated by a US-based company, likely Snap or X.
- Walmart and Oracle won’t compete to buy it this time. Microsoft or Amazon are the top contenders, also quite likely is a consortium led by someone like Steven Mnuchin.
Reciprocity is a thing. I’m sure it won’t be difficult to suggest that certain US businesses operating in China “need to have Chinese owners” too. So I predict this will badly backfire. But on the whole I’m in favor of any and all laws undermining the mind cancer that is “social media”, irrespective of who controls it, worldwide.
Plus, foreign social media are blocked altogether unless they submit to Chinese government censorship.
So there's not much that can backfire.
The work "ban" is in scare quotes for a reason. The law doesn't ban TikTok. Rather, it bans TikTok from having Chinese owners. If the law stands, the end result will likely be that TikTok will be sold to US owners, rather than TikTok going away. It's surprising to me that this this pretty significant distinction has been glossed over both in media reporting and in general comments here on HN. To be clear, I'm not sup…
Reciprocity is a thing. I’m sure it won’t be difficult to suggest that certain US businesses operating in China “need to have Chinese owners” too. So I predict this will badly backfire. But on the whole I’m in favor of any and all laws undermining the mind cancer that is “social media”, irrespective of who controls it, worldwide.
Fun fact: according to https://en.wikipedia.org/wiki/List_of_websites_blocked_in_ma... , tiktok.com has been blocked in mainland China since 2020.
Funny list. I'm curious why something like swiggy.com, a food ordering and delivery platform is there. Do they even operate in china?
I hope this will show the severity of threats countries face from social media and that things are no longer business as usual. Every European country /and/or EU/ECC as a block, as well as every other nation or block, should follow this up as soon as permitted to have all social media apps operated by a foreign country be subject to the same legislation. TikTok will have to sel to the US, Netherlands, France, Germany…
> Twitter, Facebook, Instagram, Snapchat, YouTube, WhatsApp, will either have to stop operating outside of the Unites States or they will need to be sold to every country they wish to operate in TikTok can sell to a French, Hungarian, Indian, Brazilian or even Iraqi person and be in compliance with this bill's terms. It doesn't require American ownership, it forbids control by a foreign adversary. If the EU and U.S.…
* China
* North Korea
* Iran
* Cuba
* Russia
* Venezuela
Could sell it to Pakistan, Syria, Yemen, Somalia, Afghanistan, Belarus, etc.