it'll go to a rich white fuck first and they'll be the ones to sell it to China instead.

And that's really what most politicians care about. Meta and Co. are butthurt that the new dopamine dealer on the block is cutting so ruthlessly into their numbers, especially among the younger generations. Normally, Meta et. al. would just engage in their typical antitrust behavior and buy them out, but they can't because a) ByteDance doesn't need them or their money and b) I'd be surprised if China let them sell such a valuable tool willingly.

This is just protectionism under the guise of national security, plain and simple. We've heard, "oh but national security!!!" countless times before, and if this was truly the main concern, they'd be going after all the other blatantly egregious privacy snoopers as well.