It’s exciting to think that by this time next year, TikTok can be nothing more than a distant memory. RIP Vine
There will just be something else that's basically the same thing
ByteDance prefers TikTok shutdown in US if legal options fail, sources say
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Re: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
#12Despite what they said I think they will still sell.
If they don't sell it's a really bad look for them.
Re: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
#13Who even knows what the buyers are buying? The major investor groups that have shown interest so far didn’t seem that savvy. TikTok would sell the user base and basic functionality, but no way they will sell the magic algorithm that no other company STILL has yet to replicate
It would be on the buyer to prove / challenge it’s not the same algorithm and that would be almost impossible to prove
Who knows what TikTok is even worth without its highly addictive engine behind it
Re: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
#14I've noticed my TikTok feed is full of "Bosnian Serbs want emancipation, war is looming on Western Balkan" type of videos lately. My guess is Russia and China want another war far from Ukraine so western nations focus less on Ukraine.
Re: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
#15It never was about ByteDance. It's the Chinese government who will decide. From their point of view, the right strategic move is to shut it down. Even if every other country bans the app it doesn't impact them much. Also they hate doing things that make then look weak. If they sell, they lose their influence. If they shut down, same thing.
It's completely sensible - Why would you just hand over your crown jewel to a competitor? (At the same time, it doesn't seem like China really cares for its tech industry, given how many times they've sabotaged it. It is possible they don't care about what happens with TikTok.)
It is not handing over. It is selling for a price. I think there IS a price that ByteDance would sell.
Re: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
#16I wonder if this choice will have an effect on the upcoming US elections, with TikTok users blaming the current government for losing access to their favourite app.
Re: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
#17It never was about ByteDance. It's the Chinese government who will decide. From their point of view, the right strategic move is to shut it down. Even if every other country bans the app it doesn't impact them much. Also they hate doing things that make then look weak. If they sell, they lose their influence. If they shut down, same thing.
> It never was about ByteDance. It's the Chinese government who will decide. This makes for a pithy statement, but is it actually true? Obviously the Chinese government has a lot of influence on Chinese companies, but do they actually dictate strategic direction like this?
Yes. They own the company. Any medium/large company in China has a government representative embedded in the exec team.
Re: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
#18[deleted]
Re: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
#19It never was about ByteDance. It's the Chinese government who will decide. From their point of view, the right strategic move is to shut it down. Even if every other country bans the app it doesn't impact them much. Also they hate doing things that make then look weak. If they sell, they lose their influence. If they shut down, same thing.
> It never was about ByteDance. It's the Chinese government who will decide. This makes for a pithy statement, but is it actually true? Obviously the Chinese government has a lot of influence on Chinese companies, but do they actually dictate strategic direction like this?
I thought all businesses in China operate at the pleasure of the government?
Most recent attempt I can think of bucking that trend is Ant group and Jack Ma, who presumably still is in a room somewhere and not a dark hole in the ground.
Re: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
#20It never was about ByteDance. It's the Chinese government who will decide. From their point of view, the right strategic move is to shut it down. Even if every other country bans the app it doesn't impact them much. Also they hate doing things that make then look weak. If they sell, they lose their influence. If they shut down, same thing.
> It never was about ByteDance. It's the Chinese government who will decide. This makes for a pithy statement, but is it actually true? Obviously the Chinese government has a lot of influence on Chinese companies, but do they actually dictate strategic direction like this?
They really, really do. It’s communism 101.