| ▲ | fogzen 4 days ago |
| The USA forcibly nationalized TikTok so they can install their own surveillance and censorship apparatus along with skimming from TikTok's profits. All while decrying China for... the same thing. |
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| ▲ | vehemenz 4 days ago | parent | next [-] |
| Republicans, not USA |
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| ▲ | 8note 3 days ago | parent | next [-] | | USA is correct. Joe Biden signed the law, and Democrats didnt roll it back | |
| ▲ | crummy 3 days ago | parent | prev [-] | | Isn't this as bipartisan as it gets? Trump wanted China to divest from Tiktok. Congress passed the bill. Biden signed it. The Supreme Court agreed that, yes, this is legal. Sure, people didn't vote for Larry Ellison to take control. But something like this is what we wanted, right? | | |
| ▲ | Jensson 3 days ago | parent [-] | | It is, if it was Democrats installing a government appointed board seat you'd see a very different response to this event from both sides, but both sides want to do this in the end. |
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| ▲ | hollerith 4 days ago | parent | prev [-] |
| >The USA forcibly nationalized TikTok Unlike most nationalizations though in this case the company will be compensated: the new US entity will pay ByteDance licensing fees. |
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| ▲ | fogzen 4 days ago | parent [-] | | Isn't that how it works in China? At least since the 80s. The CCP forces companies to insert their state-backed fund and officials into the cap table. Either through golden shares, forced mergers with state-owned enterprises, or forced equity sales. | | |
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