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[-] BananaTrifleViolin@lemmy.world 73 points 1 year ago

Makes sense from a business point of view. Why sell to create a new competitor with the same technology and an impregnable market base in the USA?

Better to force US competition to start from scratch.

[-] festus@lemmy.ca 7 points 1 year ago

I mean the sale agreement could require the buyer to never expand outside the US.

[-] OldWoodFrame@lemm.ee 4 points 1 year ago

For money. Whoever buys it has to pay you for it. Shutting down just means leaving a gaping hole in American social media that some other company will fill and you'll be in the same position but with less money.

[-] UnderpantsWeevil@lemmy.world 3 points 1 year ago

YouTube/IG are hardly starting from scratch.

But they don't have the international reach of TikTok.

[-] Buttons@programming.dev 2 points 1 year ago* (last edited 1 year ago)

Why don't they just sell TikTok to a US Citizen who happens to believe TikTok should remain the same?

TikTok would remain exactly the same, with the exact same algorithms, but it would then be the free speech of a US Citizen so everyone would be happy. Maybe TikTok couldn't send the data directly to China anymore, but they could certainly sell personal data on the shadowy data markets, just like every other US owned tech company does, and if that data happens to find its way to China then 🤷 .

Shell companies hide the true owner of companies all the time. Why can't TikTok do the same?

The problem is they targeted TikTok specifically in the law and it will be easy to circumvent. "TikTok is banned, but check out this totally new website called TokTik with the exact same content but owned by a US Citizen".

This is why they should have created regulations that apply to all companies. Because making regulations that depend on who owns the company will only cause TikTok to change the technicality of who owns the company. They can do so through all kinds of legal tricks without ever actually giving up control.

[-] yildolw@lemmy.world 6 points 1 year ago

Why don’t they just sell TikTok to a US Citizen who happens to believe TikTok should remain the same?

They already did that. TikTok is incorporated in the Cayman Islands with headquarters in Los Angeles. The bill of attainder is post-that

this post was submitted on 25 Apr 2024
519 points (100.0% liked)

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