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TikTok Sold for $14B

cnbc.com

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Re: TikTok Sold for $14B

#12
post #2

There is no universe in which TikTok is only worth $14B.

I believe it was TikTok’s U.S. operations that were sold for $14B, The rest of the world is still under Chinese ownership... hmm, did I just say ‘the rest of the world is still under Chinese ownership’?

Re: TikTok Sold for $14B

#14

The 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…

Why does this even need an executive order?

Re: TikTok Sold for $14B

#16
Without the algorithm, TikTok is not TikTok.

When Tiktok was banned in India, everyone tried to recreate it, include Instagram. Everyone failed to get anywhere close to TikTok for you page.

Once the new algorithm is live, expect massive backlash.

Re: TikTok Sold for $14B

#17
post #14

The 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…

Why does this even need an executive order?

Because the illusion that they used to call "capitalism" is revealing itself for what it really was, i.e. just an illusion.

Re: TikTok Sold for $14B

#19
TikTok has not been sold for $14B but Trump signed an executive order to transfer TikTok to US owners... for less than 1x it's US revenue.

It reminds me of the oligarchs in Russia, license raj in India, privatization in Mexico etc…

being close to political power lets folks buy up crown-jewel assets at a fraction of their true value.

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