• ElderberryLow@programming.dev
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    7 months ago

    If I have it correct, the law wouldn’t immediately ban TikTok but would require it to actually be sold to a real US company within a certain amount of days otherwise it’d get banned. The CCP obviously doesn’t want that. So if this passes, TikTok isn’t removed immediately.

    Probably what happens is the CCP, I mean Bytedance, sells it to a US company then puts their people there to still siphon data.

    • vind@lemmy.world
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      7 months ago

      The law is to force any company that isn’t US owned that the US doesn’t like to hand over ownership. Regardless of your thoughts on TikTok/ByteDance/China in general, this is not a law one should praise. It’s incredibly dangerous and is one more step toward the US becoming a full-fledged fascist state.

      • Argonne@lemmy.world
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        7 months ago

        What exactly is fascist about it? Being able to ban companies from hostile nations seems like a legitimate tool that frankly is concerning that we didn’t have before. Russia and China are using massive propaganda farms and the US has been paying the price of that for too long. We are moving into a hostile multi-polar world and I wouldn’t be surprised if the Internet isn’t segregated sooner or later if hostilities start

    • Flying Squid@lemmy.world
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      7 months ago

      I guarantee you that Facebook, Twitter and Google are selling data to China on the regular. And anyone else willing to pay up.

    • Maggoty@lemmy.world
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      7 months ago

      It’s already run by a Singaporean group. Transferring it to the US is just a chance for our Social Media conglomerates to part it out and destroy competition.

        • Maggoty@lemmy.world
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          7 months ago

          TikTok Ltd was incorporated in the Cayman Islands and is based in both Singapore and Los Angeles.[11] It owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India).

          From the Wikipedia. This isn’t hard information to find.

    • Filthmontane@lemmy.world
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      7 months ago

      60% of Bytedance is owned by institutional investors. It’s a private company. The CCP doesn’t own the company. 3 of the 5 board members are American. Don’t spread made up bullshit. If there’s any reason not to sell the company to a US company is because only 150 million Americans are tiktok users on an app with over a billion monthly active users globally. Not to mention that the US companies are gonna lowball the shit out of their offers because they think Bytedance is gonna be begging to sell. Also, there’s a chance that if the US bans tiktok, then maybe they could get access to China, which tiktok is not currently available in.

      • ElderberryLow@programming.dev
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        7 months ago

        Any business that does business in China, especially ones based in China, are under the CCP. Doesn’t matter who the “owners” are and they can have 1000 American board members.

        • Filthmontane@lemmy.world
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          7 months ago

          China has private industry AND state owned industry. While everything is monitored by the CCP, they don’t control private businesses. They do indeed have capitalism in China. The only difference is that in China, rich people get killed when they fuck people over. Even the US is an insanely corrupt surveillance state.