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ByteDance won't sell TikTok, would rather pull it from the US
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this post was submitted on 27 Apr 2024
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I think it's sad that you're all just ok with this kind of blatant government overreach to protect corporate pockets tbh. You just go along with the disinformation thing without an ounce of critical thought because you didn't like the app lol. I guess I just expected better of this community but I was wrong. I think lemmy just got the reddit boomers that are in denial about being boomers. It seems like it's just an alternative retirement site to facebook for y'all. So have fun with that I guess.
Am I a Reddit boomer when I’m 21 and like (some) Tiktok-esque kind of content?
I’ve never used TikTok, but not because I don’t get the idea of using audio as meme template or because I don’t like short videos. But just because that specific platform itself is so vile.
Not just talking about funding the Chinese government, TikTok e.g. reduces reach of neurodivergent people. Even worse, it censors information against China‘s authoritarianism and much more.
Why can’t I be happy that this awful platform loses reach? The content itself will be kept, there are enough copycats.
Also, Lemmy is full of people that stopped using Reddit for ethical reasons. So it’s not surprising many are against TikTok as well tbh.
Yeah, definitely a boomer in vibes if not in age. Sorry. Everything you said is basically wrong. You're just repeating what others have said without putting a single bit of effort into confirming anything but your own bias.
Ethical reasons lmao. You all just laughed while our government illegally targeted one company with legislation to get rid of competition for big corporations like meta/google. Don't pretend to be doing any of this for any kind of moral high ground when you can't even be bothered to look into something before arguing for it. You're just useful tools happily guzzling their bs excuse of it being for our security because that's what you want to believe.
Greed on Capitol Hill is not new and a huge problem. Big tech does need to get broken up. But are you trying to say TikTok and ByteDance and their backers are small corporations and mom and pop shops??
Scrutiny over ByteDance expanded further after the government took a 1% stake in its local subsidiary Beijing ByteDance Technology in 2019 that awarded the Chinese government a board seat at the subsidiary. https://www.inc.com/reuters/what-you-need-to-know-about-tiktoks-chinese-parent-company-bytedance.html
About 60% of ByteDance is owned by global institutional investors such as Carlyle Group, General Atlantic, and Susquehanna International Group,"
Wiki stuff:
Carlyle Group The Carlyle Group Inc. is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management.
General Atlantic General Atlantic, legal main entity General Atlantic Service Company, L.P., is an American growth equity firm providing capital and strategic support for global growth companies, headquartered in New York, United States. The firm was founded in 1980 as the captive investment team for Atlantic Philanthropies, a philanthropic organization founded by Charles F. Feeney, the billionaire co-founder of Duty Free Shoppers Ltd.
Susquehanna International Group The firm invested $5 million into ByteDance, the parent company of TikTok, in 2012 when ByteDance was founded. As of 2020, its stake in ByteDance represented 15 percent of its fully-diluted capitalization table and was valued over $15 billion on paper.[9]