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Beijing has a veto on the sale, and are likely to exercise it. From their point of view, allowing the US to force a Chinese company to sell itself off as soon a
by seewhydee 2y ago
Beijing has a veto on the sale, and are likely to exercise it. From their point of view, allowing the US to force a Chinese company to sell itself off as soon as it achieves success would set a very bad precedent, and encourage a torrent of other blackmail efforts.
They'll be willing to let Bytedance take the L on this. Bytedance can console themselves that TikTok can still operate elsewhere on the world, just making less money.
- criddell 2y agoI don’t think profitability really matters for TikTok. They will continue to operate as long as they are useful.
- lp0_on_fire 2y agoSo the CCP can dish it out but can’t take it. Until the CCP decides to allow a level playing field for US companies operating in China they can go pound sand as far as I’m concerned.
- seewhydee 2y agoNot sure how this is "dishing it out and not taking it". They intend to "take it"; they will force Bytedance not to sell, and thereby lose its US business with no compensation.
- lp0_on_fire 2y agoWhether they want to sell or not is moot. As far as I’m concerned we should offer the following options to any business with ties to the CCP: Divest completely, sell it to a US based company, or exit the company from US markets. They are not our ally.