President Biden signed a bill that states if TikTok doesn't cut ties with its China-based parent company ByteDance over the next nine months to a year, it will be banned in the U.S.
Why would they do that? Any arrangement that sees money come back to them more than once will be seen as them still owning it. And they aren’t about to open the door to their codebase and algorithm when they still have the entire rest of the world. It’s something like 6.5 billion people who aren’t American or Chinese on this planet.
They’d be right to do so.
The way this got passed was criminally sleazy. And there’s no reason for a foreign company to hand over its IP to some Wall Street thugs.
The can sell to non-us companies no problem. Doesn’t have to involve Wallstreet.
Why would they do that? Any arrangement that sees money come back to them more than once will be seen as them still owning it. And they aren’t about to open the door to their codebase and algorithm when they still have the entire rest of the world. It’s something like 6.5 billion people who aren’t American or Chinese on this planet.
I’m not saying they would, just saying it doesn’t have to involve Wallstreet.
that’s true too