The Senate has passed legislation that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video
If you think the Chinese government doesn’t have its hand directly up in Tik Tok, you’re absolutely fooling yourself. China has much more direct control over companies, well beyond what the US government has.
So this bill is not going to do anything but require ByteDance to sell the tiny small insignificant minuscule 1% that the Chinese government owns and in no way uses to influence how the company is run.
The Chinese government doesn’t own Tik Tok, either.
If you think the Chinese government doesn’t have its hand directly up in Tik Tok, you’re absolutely fooling yourself. China has much more direct control over companies, well beyond what the US government has.
So this bill is not going to do anything but require ByteDance to sell the tiny small insignificant minuscule 1% that the Chinese government owns and in no way uses to influence how the company is run.
Sounds like it’s no big deal!