This is all pointless since TikTok's parent has said it won't sell and is very likely being menaced by the PRC in this respect.
Nah, ByteDance will sell if the US lets Nvidia sell them some B200s
Amazon Submits Bid for TikTok with US Sale Deadline Nearing
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Re: Amazon Submits Bid for TikTok with US Sale Deadline Nearing
#42Depressing but inevitable. TikTok is too big for anyone other than a giant to buy it. But it does make me wonder about Bezos’s recent Trump-admin friendly moves, particularly with the Washington Post. An attempt to curry favor for this purchase? Entirely possible.
I presume there is a "bidders fee" payable in cash to register a bid.
Re: Amazon Submits Bid for TikTok with US Sale Deadline Nearing
#43Makes sense, Bezos is the only oligarch without a pet social media app.
It is to acquire and destroy Tiktok Shop, a serious pain in his ass.
Re: Amazon Submits Bid for TikTok with US Sale Deadline Nearing
#44Never thought I will see this country cheering expropriation in my lifetime.
Copying the Chinese government policies seems to be popular right now. Huge public investments in private industry (CHIPS) and restricting foreign ownership in companies. If you can't beat them, copy them, or something.
Re: Amazon Submits Bid for TikTok with US Sale Deadline Nearing
#45Amazon has become an unreliable company. Opaque return practices, overbilling and break of contract have become common.
"TikTok Shop is an integrated e-commerce platform within the TikTok app that allows users to shop directly from videos, live streams, and profiles."
Amazon just tries to destroy a competitor. We can only hope that authorities won't allow an acquisition by Amazon (EU maybe?).
I personally still use Amazon, but often use ebay. I don't use TikTok. I found the acquisition of Abebooks by Amazon long time ago already unfortunate.
Re: Amazon Submits Bid for TikTok with US Sale Deadline Nearing
#46Earlier quoted context omitted.
He has twich.tv
Twitch is bleeding users to YouTube--watch time is consistently decreasing YoY. IMO, they're stuck between YouTube and Discord and can't figure out a compelling offering over the two.
Why is that? Is it because the streaming creators are so chaotic? Or convergence on a centralized platform people already use (youtube)?
Re: Amazon Submits Bid for TikTok with US Sale Deadline Nearing
#47Never thought I will see this country cheering expropriation in my lifetime.
Meh, you aren’t seeing it. You are likely noticing a fringe view of a minority of people being greatly magnified through coordinated and uncoordinated social media campaigns and broad sweeping statements intended to covey that a totality of people (ie “a country”) hold a given view.
Now, if we framed it not as an “expropriation of a company” but a “100% tax on billionaires profiting from the work of the creative class” then the numbers would get real very quick.
Re: Amazon Submits Bid for TikTok with US Sale Deadline Nearing
#48It's crazy to me that TikTok is still operating. A law was passed, the supreme court even weighed in, and a EO cannot undo that. The president has an obligation to faithfully execute the law.
Of course an EO can undo it. The law gives the President the authority to grant a possible 90-day extension.
The law also says the extension can only happen if the divesture is in progress and steps are being taken, a vote by congress, etc.
Re: Amazon Submits Bid for TikTok with US Sale Deadline Nearing
#49Amazon has become an unreliable company. Opaque return practices, overbilling and break of contract have become common. "TikTok Shop is an integrated e-commerce platform within the TikTok app that allows users to shop directly from videos, live streams, and profiles." Amazon just tries to destroy a competitor. We can only hope that authorities won't allow an acquisition by Amazon (EU maybe?). I personally still use A…
> We can only hope that authorities won't allow an acquisition by Amazon (EU maybe?).
This would only be for the US arm of TikTok, yeah? So EU will have no oversight
Re: Amazon Submits Bid for TikTok with US Sale Deadline Nearing
#50Never thought I will see this country cheering expropriation in my lifetime.
Not to get too political, but the US is built on expropriation. From Indigenous peoples, the British, Mexicans, and a variety of other folks. It's baked into laws and policies like eminent domain and civil asset forfeiture. The biggest issue is who is being targetted and why. Heck, even taxation is a form of expropriation. This is also not unique to the US - the political aspect is how and why expropriation happens.