ByteDance prefers TikTok shutdown in US if legal options fail, sources say - eviltoast
  • Jesus@lemmy.world
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    5 months ago

    It’s going to be to their advantage to claim that they’re shutting down, even if they actually want that $50B buyout. If they say they’re going to sell, they’re going to lose what little leverage they have left. The public that wants TikTok will get TikTok, and the public is going to stop pestering politicians about it.

    • wise_pancake@lemmy.ca
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      5 months ago

      I read it as a bluff too.

      They’re between a rock and a hard place, their best position is to play hardball and rile up their users.

      Yeah, it means nothing to us to leave. We’re losing money!

      If that were really the case why are they in the US at all? Because they know they can make money and their market position is strong.

        • Defaced@lemmy.world
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          5 months ago

          This is why the whole situation exists, IMO if there was a reason to believe China is trying to influence united states citizens, then this wouldn’t even be a discussion. There are probably hundreds of Chinese companies that operate in the US, why is tik tok signaled out? Because there’s probably a reason they’re being singled out. It might be nothing, but I’m inclined to think that the people who signed the bill know more than what they’re letting on for national security reasons.

          • body_by_make@lemmy.dbzer0.com
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            5 months ago

            Look at any security analysis done on it and you’ll see the insane amount of information it collects from every single user is absolutely stunning. They definitely use their influence and knowledge of individuals to drive opinion of those who use their platform.

          • lud@lemm.ee
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            5 months ago

            There are probably hundreds of Chinese companies that operate in the US, why is tik tok signaled out?

            Because it’s an enormous company with a lot of influence on people. If they actually influence people in that way, I don’t know but they could quite easily.

            Personally I don’t care about TikTok.

        • Woozythebear@lemmy.world
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          5 months ago

          Yeah I watched this dude show me a video of a device that opens jars and now I am thinking about becoming a spy for the Chinese government.

      • Maggoty@lemmy.world
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        5 months ago

        But they can’t continue to make money this way. It will be seen as control. So they’re stuck creating a competitor or just writing off the US market.

        • wise_pancake@lemmy.ca
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          5 months ago

          Yeah I think they’re angling for a reversal, if not they’ll sell and probably take some massive non voting share of the venture along with a bunch of billionaires.

          • Woozythebear@lemmy.world
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            5 months ago

            They won’t sell lol, like why would they? If they truly are owned by the Chinese government why would they sell it to an American company?

    • corsicanguppy@lemmy.ca
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      5 months ago

      The public [who] wants TikTok will get TikTok

      In my family and peer group, the people who want to use tiktok and the people who could get and use a VPN to access a side-loaded tiktok app, has no intersect group. It’s just a bridge too far for all of them.

      I’ll push them onto the fediverse yet.

      • WillySpreadum@lemmy.world
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        5 months ago

        Worst part about Lemmy being a tech heavy space is that so many users spout shit like “They’re not banning it, just deplatforming it” like yes, dipshit, that’s effectively a ban for something like 99% of people. You think 100,000,000 people are gonna fucking sideload the app? Love this place but it can be a bubble sometimes.

        • ArmokGoB@lemmy.dbzer0.com
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          5 months ago

          Deplatforming is equivalent to banning in basically every instance. The public town square doesn’t exist in the digital world we all operate in. Change my mind.

        • qwerty@discuss.tchncs.de
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          5 months ago

          Situations like this are a good opportunity to increase the rate of tech literacy in a broader population or to promote decentralized solutions, but unfortunately that’s a pipe dream.

    • rockSlayer@lemmy.world
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      5 months ago

      When you’re forced to participate in capitalism, your only option is to play the game. I agree, this is mostly just a bluff.

    • Maggoty@lemmy.world
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      5 months ago

      Why though? Why would they give up their trade secrets? They have a global market.

      • Jesus@lemmy.world
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        5 months ago

        They could sell the user accounts and content and let another company clip that into their own recommendation algo.

        I’ve been a part of a few tech acquisitions that have worked this way. They keep their secret sauce but hand over the community.

        • lud@lemm.ee
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          5 months ago

          The question is if anyone would buy it without the algorithm and the other stuff worth money. Users by themselves aren’t very useful if everyone leaves after a day.

          • Jesus@lemmy.world
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            5 months ago

            It would come down to price. I’m sure someone would pay for the content, accounts, and brand. But what dollar amount are we talking about when the algo isn’t on the table.

          • Serinus@lemmy.world
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            5 months ago

            The algorithm either isn’t as valuable as they believe or the government’s concern is legitimate and we have a real problem.

        • Maggoty@lemmy.world
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          5 months ago

          Yeah that’s certainly possible. I just don’t think it will go the way people are thinking.