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)
U.S. investors, Trump close in on TikTok deal with China
361–370 of 802 posts
Re: U.S. investors, Trump close in on TikTok deal with China
#362Key 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?
Re: U.S. investors, Trump close in on TikTok deal with China
#363Is 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?
Re: U.S. investors, Trump close in on TikTok deal with China
#364Key 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…
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
#365The 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.
Re: U.S. investors, Trump close in on TikTok deal with China
#366Is 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.
https://www.npr.org/2020/09/20/914032065/tiktok-ban-averted-...
Re: U.S. investors, Trump close in on TikTok deal with China
#367Earlier 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.
Re: U.S. investors, Trump close in on TikTok deal with China
#368> 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.
Re: U.S. investors, Trump close in on TikTok deal with China
#369I'm not an expert but this makes me think that it might time to turn off the screens and stop letting half-trillionaires decide what we look at.
Re: U.S. investors, Trump close in on TikTok deal with China
#370I'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?