Year of the ~~Linux Desktop~~ Fediverse!
Side note, DAE find calling them "normies" kinda icky? It's like straight outta 4chan
this post was submitted on 19 Jan 2025
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I don’t see how this is authoritarian, Bytedance’s bad intentions are clear. They could make money from selling the app, keep making money from it in a stock sale but yet they’d rather have 0 dollars than relinquish control of their brainrot engine. It’s clear that the CCP values it more as a cultural weapon than as a product.
Nobody would want to take a shitty deal, and since your comment was posted it's back online in the US. You sound like you don't understand how business works and are twisting facts to fit your understanding of the situation.
Why sell it, when they can just give trump a paycheck under the table to keep it going?
I swear on the graves of my ancestors, they script this shit to keep everyone guessing at what the real explanation is. Everyone finds a way to fit it into their own understanding of how the world works. Same thing with the ceasefire agreement. Democrats understand it one way, Republicans understand it another way, outsiders understand it a third (or fourth or fifth), more skeptical way.
A forced sale guarantees ByteDance gets a fire sale price. If there's any way forward that allows them to sell not-under-duress, there's a chance for far more upside.
That works even for pure economics game theory, aside from wanting to continue in what they built on principle/commitment/interest in the project.
Would Zuck give up Facebook for the right price? Would he give it up for a highly discounted price of a rush sale?
Yes he would if the option is making 0 dollars. Which is the option Bytedance faces, losing one of their biggest most profitable markets when they could get a big bag or do a stock sale and continue to profit from its growth.
Also I’d like to remind you, the US is not the only country looking to ban TikTok, other western countries are eyeing it as well.
For me their malicious intentions are transparent. Hell this bill passed with full bipartisan support after congress saw the intel acquired by the alphabet agencies proving as much. When was the last that happened?
But that's clearly not the only option. They assumed the public backlash would be in their favor and it was. Now they get to keep on making money, which is the best outcome for them.