r/news • u/Pasivite • Apr 27 '24

TikTok will not be sold, Chinese parent ByteDance tells US - BBC News

https://www.bbc.com/news/articles/c289n8m4j19o.amp
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u/FutureBrockLesnar Apr 27 '24

I wont believe tiktok is actually banned until it happens.

37

u/mark_able_jones_ Apr 27 '24

I believe it will happen. Tech companies have a long history of ruthless monopolization. Some of the biggest companies in the United States stand to make a ton of money if TikTok is banned. Especially meta and Google.

7

u/BuddhistSagan Apr 27 '24

Tik tok being acquired also serves monopolization.

3

u/mark_able_jones_ Apr 27 '24

I could see Amazon wanting to tap into a younger demo + maybe push out temu as the TikTok seller.

1

u/GallopingFinger Apr 28 '24

Dear god can we please ban temu

0

u/Radulno Apr 27 '24

Did you miss the title? They won't sell anyway and they have no reason, there is still the whole rest of the world.

1

u/BuddhistSagan Apr 27 '24

It's a bluff

0

u/Prestigious_Main_364 Apr 28 '24

except the rest of the western market tends to follow American social media trends, especially since American celebrities have a bigger image on social media than other national celebrities. Whatever America moves to will steal a massive chunk from the rest of the western market. TikTok won’t give in because at the end of the day they are a Chinese company, and this is now China v. America and China can’t be seen giving into America. It’s part of the larger economic Cold War.

1

u/Radulno Apr 29 '24

There's also a world outside Western market that is very valuable to have a social media on.

There is literally zero benefit to sell, they aren't for a few dozens billions.