TikTok Parent ByteDance Sees Losses Swell in Push for Growth • Hacker News Board

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#81

Post by sumedh » Fri, Oct 07, 2022, 12:16 PM UTC

parker_mountain wrote: post #5

AlexandrB wrote: post #4

Earlier quoted context omitted.

Is this also true for highly-funded, money-losing SV startups focusing on growth. Why or why not?

Well, I don't agree with OP, but the Chinese government is way more involved with its companies than the US is. Here, ostensibly, there's a court and legal process - versus China, where the government has all data by default. So, any Chinese tech company is de facto going to have all of its data accessible by the Chinese government, by default.

> Here, ostensibly, there's a court and legal process

On December 16, 2005, The New York Times reported that the Bush administration had been conducting surveillance against U.S. citizens without specific approval from the FISA court for each case since 2002.

In 2011, the Obama administration secretly won permission from the Foreign Intelligence Surveillance Court to reverse restrictions on the National Security Agency's use of intercepted phone calls and e-mails, permitting the agency to search deliberately for Americans' communications in its massive databases.

https://en.wikipedia.org/wiki/United_States_Foreign_Intellig...

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#82

Post by powerapple » Fri, Oct 07, 2022, 2:16 PM UTC

walrus01 wrote: post #71

lossolo wrote: post #69

Earlier quoted context omitted.

They are working on a deal with US, all data for US citizens will be kept in US[1]. And some info about it from them directly: "As we recently shared with members of Congress, we are working toward a new system in which access to U.S. user data by anyone outside of USDS will be limited by, and subject to, robust data access protocols with monitoring and oversight mechanisms by Oracle."[2] 1. https://arstechnica.com/t…

doesn't mean their office and staff in china don't remotely have access to the data or the ability to replicate it.

Actually the data was already stored in the US as required by US law. The deal with Oracle is to guarantee the access is limited.

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#83

Post by powerapple » Sat, Oct 08, 2022, 11:48 AM UTC

sudden_dystopia wrote: post #2

It’s not supposed to make money, it’s a spy tool subsidized by a foreign adversary…

The fact is that DouYin, the Chinese TikTok, run by the same parent company is making billions of dollars every year, and expects to make more and more every year. It is eating up Alibaba's market share in e-commerce. And before DouYin and TikTok, TouTiao, the other product by ByteDance was making billions every year. 2021 revenue is $58b, I don't think ByteDance is losing money. It is merely accounting.