TikTok Sold for $14B
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TikTok Sold for $14B
1–10 of 49 posts
Re: TikTok Sold for $14B
#2There is no universe in which TikTok is only worth $14B.
Re: TikTok Sold for $14B
#3> No representatives from ByteDance were present at the signing, and the company hasn’t acknowledged that a transaction is taking place. No purchase price was mentioned, and there’s no indication that the Chinese government has made changes to laws that would be necessary for a deal to take place.
> President Trump said Chinese President Xi Jinping gave the deal the go ahead. Vance said the Chinese government put up some resistance before the agreement
I find these two paragraphs particularly interesting
Re: TikTok Sold for $14B
#4The title here "TikTok Sold for $14B" is completely incorrect
TikTok was not sold. This is an announcement of an executive order endorsing a proposal to sell TikTok.
> No representatives from ByteDance were present at the signing, and the company hasn’t acknowledged that a transaction is taking place. No purchase price was mentioned, and there’s no indication that the Chinese government has made changes to laws that would be necessary for a deal to take place.
Re: TikTok Sold for $14B
#5Incredible that this happened. AIPAC and the ADL targeted Tiktok because it didn't restrict Palestine content while the other social media did. And so the US Congress killed it. Absolutely incredible first amendment work from the Land of the Free.
Re: TikTok Sold for $14B
#6There is no universe in which TikTok is only worth $14B.
Indeed, Facebook bought WhatsApp for $19B in 2014.
TikTok have a much more valuable audience than WhatsApp had, and we've had significant inflation since.
Re: TikTok Sold for $14B
#7A more apt title would be "US government pretends TikTok was sold"
Re: TikTok Sold for $14B
#8There is no universe in which TikTok is only worth $14B.
Nice website you have there, shame if something happened to it
Re: TikTok Sold for $14B
#9* TikTok's US operations sold for $14B
As far as I know TikTok in Africa and Eurasia will still be owned, and operated, by ByteDance from China.
How all of this is going to work out content wise is going to be... interesting, indeed.
Re: TikTok Sold for $14B
#10There is no universe in which TikTok is only worth $14B.
This is a reward to Oracle for their support of trump, with the condition that TikTok now support him too.