Comment on Trump says TikTok should be tweaked to become “100% MAGA”
limer@lemmy.ml 5 days ago
Why does anyone think this is true or will happen? Did ByteDance or the Chinese government say anything?
Comment on Trump says TikTok should be tweaked to become “100% MAGA”
limer@lemmy.ml 5 days ago
Why does anyone think this is true or will happen? Did ByteDance or the Chinese government say anything?
BrikoX@lemmy.zip 5 days ago
Trump said Xi said they will approve the deal. That said there is no official word from Chinese government as of yet, but them not denying it outright make think they will approve the deal.
humanspiral@lemmy.ca 5 days ago
China has cleared regulatory hurdles to allow a deal on their terms. Deal includes leasing the algorithm at a 20% revenue royalty. Which is $2-$3B payment/year to ByteDance. Previous valuations of US operations were $40B at high end which means profit under $2B/year, and so the buyers are buying a money losing business that they have to invest to grow sales and lose even more from the royalty payments.
The criticism that this is a sweetheart deal for MAGA supporters is false. This is just Zionazi media consolidation to ensure Zionazi/MAGA censorship. Like all Zionazi media, operational profit is not the purpose.
limer@lemmy.ml 5 days ago
I think China and ByteDance are silent to not aggravate the situation, and I see no incentive to sell. Most likely TicToc will quietly cooperate with the American government more, or the service will be banned
BrikoX@lemmy.zip 5 days ago
Cooperate on what? It was never about national security. The US just wants to control all social media platforms. From China’s perspective, it has outlived its usefulness as a data collection platform and could be better leveraged as an asset in trade negotiations.
My guess is that approval to sell will be followed by some tarrifs relief or some other trade deal.
limer@lemmy.ml 5 days ago
If you look at the Chinese press and social media no sale is expected.
Trump has a history of announcing sales without agreement. He did it before he was president.
Also at this point he had lied and broken promises so much the Chinese cannot rely on agreements, they can only try to not engage in non constructive ways.
People should not listen to Trump