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U.S. investors, Trump close in on TikTok deal with China

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Re: U.S. investors, Trump close in on TikTok deal with China

#361
post #20

Earlier quoted context omitted.

Same reason they put a guy at CBS as a "bias monitor": https://www.msnbc.com/opinion/msnbc-opinion/trump-fcc-cbs-ne... They want their guy to make sure things go their way / people say the "right" things.

> a guy at CBS as a "bias monitor" Kenneth Weinstein. "Mr. Weinstein has had a long career in right-leaning and neoconservative public policy circles. He is a firm and vocal champion of Israel." (NyTimes)

[flagged]

Re: U.S. investors, Trump close in on TikTok deal with China

#362
post #205

Key details: 1. New, US-specific TikTok App, separate from the main TikTok app in content and users. 2. 80% owned by a U.S. investor consortium led by Oracle, Silver Lake, and Andreessen Horowitz, 20% by Bytedance. 3. Board will include one U.S. government–appointed director. 4. All U.S. user data would sit on Oracle infrastructure in the US. 5. Algorithm will be initially licensed, but has to be reengineered to comp…

> 1. New, US-specific TikTok App, separate from the main TikTok app in content and users. IMO this significantly impacts the value I would get from TikTok, as much of the content I consume on the app is from outside the US I guess they are hoping the US market will be big enough so self sustain and even entice some foreigners to join the US only app?

Will people just stay with the old app out due to inertia? Or will there be annoying "blocked in your country" type messages until you switch? (at which point you won't know what's been blocked in your country)

Re: U.S. investors, Trump close in on TikTok deal with China

#364
post #205

Key details: 1. New, US-specific TikTok App, separate from the main TikTok app in content and users. 2. 80% owned by a U.S. investor consortium led by Oracle, Silver Lake, and Andreessen Horowitz, 20% by Bytedance. 3. Board will include one U.S. government–appointed director. 4. All U.S. user data would sit on Oracle infrastructure in the US. 5. Algorithm will be initially licensed, but has to be reengineered to comp…

Board will include one U.S. government–appointed director. Why? The nominal reason for all this is that we didn't want a Chinese company controlling an important social media outlet. I don't love that reasoning, but fine, whatever. So they're forcibly selling it to an American company. Which should solve the problem, right? Are we going to be putting government-appointed directors on all social media companies? Or ju…

It's an interesting question, but the information we have so far doesn't seem to be enough to give a meaningful answer yet. E.g. is it something like "one person appointed to oversee the full terms of the transition are kept" or "one person appointed always to make sure TikTok aligns with the government".

I'm not necessarily a fan of either... but to vastly different levels.

Re: U.S. investors, Trump close in on TikTok deal with China

#365
post #352

The USA forcibly nationalized TikTok so they can install their own surveillance and censorship apparatus along with skimming from TikTok's profits. All while decrying China for... the same thing.

>The USA forcibly nationalized TikTok Unlike most nationalizations though in this case the company will be compensated: the new US entity will pay ByteDance licensing fees.

Isn't that how it works in China? At least since the 80s. The CCP forces companies to insert their state-backed fund and officials into the cap table. Either through golden shares, forced mergers with state-owned enterprises, or forced equity sales.

Re: U.S. investors, Trump close in on TikTok deal with China

#366

Is this a coup by conservative government to gain control of this social network to promote it's ideologies? first Twitter, now Tiktok, both controlled by conservative interests?

Seems like it. It seemed kind of inevitable. Biden made a mistake going down this road - of course, Trump started the ball rolling during his first term, but Biden should've just left it alone because it wasn't hard to see that this was the likely outcome.

Biden? You do realize Trump attempted to “ban” TikTok in his first term when the original Oracle “deal” happened, right? Pinning this in Biden takes some serious mental gymnastics.

https://www.npr.org/2020/09/20/914032065/tiktok-ban-averted-...

Re: U.S. investors, Trump close in on TikTok deal with China

#367
post #365

Earlier quoted context omitted.

>The USA forcibly nationalized TikTok Unlike most nationalizations though in this case the company will be compensated: the new US entity will pay ByteDance licensing fees.

Isn't that how it works in China? At least since the 80s. The CCP forces companies to insert their state-backed fund and officials into the cap table. Either through golden shares, forced mergers with state-owned enterprises, or forced equity sales.

I dont know.

Re: U.S. investors, Trump close in on TikTok deal with China

#368
post #19

> one member designated by the US government. Why does the board of TikTok need a gov member? Is Meta going to get a gov chaperone too? And Oracle surely needs one as well. Is the gov putting out a call for board member civil servants? Like where does this person even come from?

It's the political komissar, here to make sure nothing too critical of the current administration is allowed on the platform.

This goes way beyond this current administration and has nothing to do with China, besides being the foil for the real reason of controlling what people can see and hear because the cabal that controls the USA does not like it.

Re: U.S. investors, Trump close in on TikTok deal with China

#370
post #59

I'm curious how bad the misinformation type stuff will be. It's bad everywhere, but I found TikTok to be the absolute worst. Not even just fake news political stuff where I can guess the motivation (still bad), but just basic everyday tips and tricks, local users describing news events. I've found it to be so much worse on tiktok. Other platforms there seems to be "more" intent by creators to provide somewhat consist…

I don't know about tik-tok, but Instagram is totally unhinged. Boobs, butts, gambling, brain rot, watchbait/ragebait, all that stuff. YouTube shorts gets all the hate, but I find the content to consistently be the most sophisticated? PG rated? educational?

I agree, YouTube shorts tends to be noticeably better.
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