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Despite what they said I think they will still sell. If they don't sell it's a really bad look for them.
I have to agree. There's too much money on the table to not sell.
It 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.
Western companies have largely taken the same approach and exited markets that banned them rather than sell. Whether it's Google, YouTube, X, Instagram, or Facebook, they didn't sell either.
Do you sell/license the software? Do you charge this new company for API access to the 'old' services?
I've had a really hard time trying to imagine how this could play out in fair agreement. I think the only real option is to exit the market.
I'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.
Despite what they said I think they will still sell. If they don't sell it's a really bad look for them.
Who 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…
This is what they would say whether or not they wanted to sell. Otherwise the buyers would be operating from a position of strength
I 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.
It 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?