Sure, but this is an excuse and a diversion. So are the anti-Comm and Sinophobic excuses. The reason why TikTok is facing an attempted force buyout is because the US-led Bourgeoisie wants to bring Bytedance into the stock market for the biggest IPO in history.
Something that the CPC blocked from happening in 2021:
US based firms like Blackrock have huge stakes in private Bytedance, they want to force an IPO so they can make dozens of billions at least. The American employees who own significant private stock also stand to benefit from a force takeover of Bytedance. The Tech Industrialists in California are in a win-win if the state is to be weaponized as well, TikTok goes public and they buy pieces of it up or TikTok is banned and their software cartel holds firm.
Remember which banks collapsed last year? The ones that deal with startup-to-IPO schemes? TikTok is the dream company for the IPO industry that is US Tech and California banking.
The market of ideas is not the battleground of Imperialism. The US struggle against the PRC over Bytedance is the US Bourg trying to enforce the International Rule that large corporations outside of the US are not allowed to exist outside of the public exchange. Americans need to be able to buy it up, whenever they want. This is also how the US exerts national domination over the Bourgeoisie of other nations. They can only invest in certain things on the continent, like real estate (which there are talks of banning Chinese nationals from owning land), and tech companies (inclusive of entertainment infrastructure), to keep the bubbles in both growing. They store their wealth in the US, under restrictions, so the US can remain liquid and clip coupons.
This is similarly why some European big whigs are calling for liberalization of pensions so they can be spent on militarism, which as we know from books like Palo Alto, the STEM sector in the Imperialist nations and militarism are two sides of the same process. Imperialism is Scientific Capitalism. 401k funds are also workers giving their wages straight to International Capitalism without going through the government.
Sure, but this is an excuse and a diversion. So are the anti-Comm and Sinophobic excuses. The reason why TikTok is facing an attempted force buyout is because the US-led Bourgeoisie wants to bring Bytedance into the stock market for the biggest IPO in history.
Something that the CPC blocked from happening in 2021:
US based firms like Blackrock have huge stakes in private Bytedance, they want to force an IPO so they can make dozens of billions at least. The American employees who own significant private stock also stand to benefit from a force takeover of Bytedance. The Tech Industrialists in California are in a win-win if the state is to be weaponized as well, TikTok goes public and they buy pieces of it up or TikTok is banned and their software cartel holds firm.
Remember which banks collapsed last year? The ones that deal with startup-to-IPO schemes? TikTok is the dream company for the IPO industry that is US Tech and California banking.
Thats fucking wild, i thought it was because tiktok offers a source of news media that the government(private companies) cannot easily control
The market of ideas is not the battleground of Imperialism. The US struggle against the PRC over Bytedance is the US Bourg trying to enforce the International Rule that large corporations outside of the US are not allowed to exist outside of the public exchange. Americans need to be able to buy it up, whenever they want. This is also how the US exerts national domination over the Bourgeoisie of other nations. They can only invest in certain things on the continent, like real estate (which there are talks of banning Chinese nationals from owning land), and tech companies (inclusive of entertainment infrastructure), to keep the bubbles in both growing. They store their wealth in the US, under restrictions, so the US can remain liquid and clip coupons.
This is similarly why some European big whigs are calling for liberalization of pensions so they can be spent on militarism, which as we know from books like Palo Alto, the STEM sector in the Imperialist nations and militarism are two sides of the same process. Imperialism is Scientific Capitalism. 401k funds are also workers giving their wages straight to International Capitalism without going through the government.