this post was submitted on 25 Apr 2024
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[–] Buttons@programming.dev 38 points 6 months ago (5 children)

If ByteDance is a normal company they will seek profits and sell for as much as they can.

But if TikTok is a Chinese psyop, they'll just use any of the many legal tricks we allow to change the "owner" while China still retains control. Companies do this all the time, look at shell companies and such. It's super easy for China to mask the true owner if they decide to.

This is why we should make broadly applicable regulations instead of picking on one specific company.

[–] UnderpantsWeevil@lemmy.world 21 points 6 months ago (2 children)

If ByteDance is a normal company they will seek profits and sell for as much as they can.

If the sale is forced, the value of the property will be depressed. Why would they take pennies on the dollar to liquidate IP rather than fight it out in court and try to get the provision overturned?

This is why we should make broadly applicable regulations instead of picking on one specific company.

The law is not specific to TikTok. It is any company owned by a subsidiary of an "enemy" state, of which China is listed as such.

And selling the company to a non-Chinese holding company wouldn't work, because the dispute is over Chinese IP law affecting how ByteDance does business. Move the company overseas and it would no longer be covered by the IP provisions (something the Chinese investors don't want, because they benefit from the IP provisions).

[–] ME5SENGER_24@lemmy.world -1 points 6 months ago

Does selling from one hand to the other actually matter when it comes to value? If I own a company and sell it to myself via a shell corporation have I actually lost anything, except a tax write off?

[–] lud@lemm.ee 11 points 6 months ago

I take no stance on the psyop thing but is always selling the best way to seek profits. I say no. Unless they can sell and somehow force the buyer to operate exclusively in the USA. If not then there is still the rest of the world to profit from and selling their entire USA branch would suddenly create a new huge competitor.

[–] Omniraptor@lemm.ee 2 points 6 months ago

So was google an American psyop for pulling out of China instead of submitting to censorship?

[–] ahriboy@lemmy.dbzer0.com 1 points 6 months ago

Then Weibo and WeChat will geoblock US in response to TikTok ban.

[–] Dearth@lemmy.world -1 points 6 months ago (3 children)

Tiktok is used globally. Only American politicians seem concerned about the platform why would bytedance sell it when they can just continue operating in 180 other countries around the world?

[–] RagingRobot@lemmy.world 9 points 6 months ago (1 children)

It's not available in China though interestingly

[–] Saprophyte@lemmy.world 7 points 6 months ago* (last edited 6 months ago) (1 children)
[–] hr_@lemmy.world 7 points 6 months ago

In mainland China it's called Douyin, exactly the same app, same company, not the same content of course. It's separate because Beijing wants a tighter control on social media in mainland China.

[–] Adderbox76@lemmy.ca 1 points 6 months ago

Actually many governments are concerned about it. But only the US (so far) had pulled the nuclear option.

I feel like they're threatening a shutdown in the hopes of getting them to reverse their decision because if they just quietly go along with it, other countries will likely quickly follow suit in short order.

The reality is that the lifespan of "most popular social media app" is incredibly short. In the space of a few short years, we've gone from MySpace to Facebook to twitter to vine to Snapchat and now to tiktok.

TikTok will soon enough be replaced by "the next cool thing" and BD knows that if they sell in the US, that new entity will quickly replace them globally because the US effectively IS the influencer market.

Viewers go where the content is, and that's still overwhelmingly American (for better or worse). There is no successful social media app without including the US and BD knows it.