The Gulf States are seeing absolutely excellent ROI for the 1b they pooled together for a 747.
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Abu Dhabi royal family to take stake in TikTok US
31–40 of 124 posts
Re: Abu Dhabi royal family to take stake in TikTok US
#32Earlier quoted context omitted.
> This is a straight up giveaway to friends. None of Tiktok's executives were present, and China has not confirmed the sale. So, I don't think clown's EO means anything. He's living in his own la la land :-)
wait why does china have to confirm the sale? i thought tiktok was singaporean!
Shou Zi Chew, the CEO of TikTok since 2021, is Singaporean. TikTok, the company, is owned by ByteDance.
Re: Abu Dhabi royal family to take stake in TikTok US
#33Congratulations to the US on taking soverign control over their TikTok feed.
Congratulations to TikTok for avoiding being kicked out of the US market.
Re: Abu Dhabi royal family to take stake in TikTok US
#34The Gulf States are seeing absolutely excellent ROI for the 1b they pooled together for a 747.
OT but i think the 747 story deserves a bit more nuance. First of all to be clear i'm dismayed by the idea. It's not great optics that Trump wants to keep the plane (library force one?) . Even accepting it in the first place is also odd. Add to that, using it as Air Force One seems to be impractical.
BUT, there is precedent for this move. They gifted an even more expensive plane to Erdogan. From what i understand they have been trying to sell the plane for a while. It seems even they have trouble affording it's upkeep. Turns out there isn't a huge market for luxury private jumbo jets. From their perspective it's a white elephant. Trump is aware of that.
I heard another explanation that this is a way of putting lateral pressure on boeing. Trump is frustrated with the progress of the new air force one. His current one is aging. It makes sense as it's a typical tactic of his.
I'm not coming to defend it, just to explain some of the rationale behind the decision.
(edit to reply to several comments. First of all air force one is well maintained but it's old already. Parts and repairs become more difficult and the amount of miles left on the airframe can't be too high. Replacement is necessary. As to building a new plane out of spares being faster... Just ask boeing how that's going for them. They even had the fuselages ready and waiting for quite some time. Boeing executives know they will face some actual consequences for murdering the POTUS, which is probably why it's taking so long. It's difficult to build a plane properly when you've gotten rid of everyone who knows how and you've sold half of your factories, some to even more bad faith actors then yourself.)
Re: Abu Dhabi royal family to take stake in TikTok US
#35Earlier quoted context omitted.
> This is a straight up giveaway to friends. None of Tiktok's executives were present, and China has not confirmed the sale. So, I don't think clown's EO means anything. He's living in his own la la land :-)
wait why does china have to confirm the sale? i thought tiktok was singaporean!
> i thought tiktok was singaporean!
Tiktok's CEO is a singaporean! Maybe you are mixing it with that.
Tiktoks' parent company ByteDance is headquartered in China. https://en.wikipedia.org/wiki/ByteDance
Re: Abu Dhabi royal family to take stake in TikTok US
#36The 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
#37> MGX, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, will take 15% stake, with social media firm valued at $14bn
So they value the most attention owing social media at a mere $14b? As reference: Meta has a total market cap of around $1.8 T.
Re: Abu Dhabi royal family to take stake in TikTok US
#38The Gulf States are seeing absolutely excellent ROI for the 1b they pooled together for a 747.
OT but i think the 747 story deserves a bit more nuance. First of all to be clear i'm dismayed by the idea. It's not great optics that Trump wants to keep the plane (library force one?) . Even accepting it in the first place is also odd. Add to that, using it as Air Force One seems to be impractical. BUT, there is precedent for this move. They gifted an even more expensive plane to Erdogan. From what i understand the…
> BUT, there is precedent for this move. They gifted an even more expensive plane to Erdogan.
"We gave a huge gift to an authoritarian leader" is indeed precedent; not a great one, though.
Re: Abu Dhabi royal family to take stake in TikTok US
#39Tiktok is good for what, spying and propagandizing? I can see how all the rulers would want to buy in on that. Probably got some serious large scale magic analysis stuff going on. It's heartwarming to see the ruling classes coming together for their mutual benefit like this.
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