Earlier quoted context omitted.
> What does the UAE get out of this? What does the UAE gain by funneling $2B to Trump, who is notoriously a) transactional and b) one of the most powerful people on the planet?
Being "transactional" requires you to hold up your end of the bargain, which Trump famously does not. Trump is not transactional.
Abu Dhabi royal family to take stake in TikTok US
111–120 of 124 posts
Re: Abu Dhabi royal family to take stake in TikTok US
#112Earlier quoted context omitted.
> The ideal is that people stop using ______ Fill in the blank with whatever you find personally disagreeable: TikTok, alcohol, sports gambling, hallucinogens, video games, cigars, sugary foods, etc.
Some things are objectively bad with no space for interpretation or personal opinion.
Re: Abu Dhabi royal family to take stake in TikTok US
#113The ideal scenario isn't the government forcing a sale of TikTok for political reasons. The ideal is that people stop using TikTok because they realize it's not good for them, but I guess I don't see that happening. Instead we'll just continue scrolling while wondering why we're so unhappy and angry all the time.
Scrolling HN I find hateful stances about hyperspecificties, overconfident self righteousness, and new peaks of misanthropism
Re: Abu Dhabi royal family to take stake in TikTok US
#114Re: Abu Dhabi royal family to take stake in TikTok US
#115The biggest benefactor here is Meta. There's no way TikTok will remain a dominant social platform in the US amidst all the political meddling and so many high profile investors with competing interests. This is likely also why Meta announced that they are overhauling Instagram to make Reels and recommendations the default experience - https://uk.finance.yahoo.com/news/instagram-overhaul-app-num... . Just as with Thre…
Re: Abu Dhabi royal family to take stake in TikTok US
#116Re: Abu Dhabi royal family to take stake in TikTok US
#117The ideal scenario isn't the government forcing a sale of TikTok for political reasons. The ideal is that people stop using TikTok because they realize it's not good for them, but I guess I don't see that happening. Instead we'll just continue scrolling while wondering why we're so unhappy and angry all the time.
Re: Abu Dhabi royal family to take stake in TikTok US
#118For context, SNAP is valued at $14Bn. This is a straight up giveaway to friends. Even dictators in other countries don't make it so obvious because they're worried their populations would revolt, which says a lot about the American voter today.
Before people jump to conclusions, if you look at the details there seems to be a plan for a major profit sharing and licensing agreement with Bytedance. The numbers floated around are that 50% of the profit would go to Bytedance plus. This would significantly impact its valuation to outside investors.
Re: Abu Dhabi royal family to take stake in TikTok US
#119Earlier quoted context omitted.
Some things are objectively bad with no space for interpretation or personal opinion.
Yeah I don't think tiktok is one of those things
/s
Is it really a mystery that there's concern about corporate media consolidation and collusion with governments to self-serve their interests over individuals?
I mean, this is beyond naive if you dismiss what's happening and will continue.
Re: Abu Dhabi royal family to take stake in TikTok US
#120Earlier quoted context omitted.
Yeah I don't think tiktok is one of those things
Yeah, it's just benign ads and people having fun. What's all the fuss about? /s Is it really a mystery that there's concern about corporate media consolidation and collusion with governments to self-serve their interests over individuals? I mean, this is beyond naive if you dismiss what's happening and will continue.