If you're hoping that the TikTok ban will result in ByteDance selling the social network to stay in the US, we have some bad news.
  • OftenWrongEnglish
    639·
    6 months ago

    Yeah, definitely a boomer in vibes if not in age. Sorry. Everything you said is basically wrong. You’re just repeating what others have said without putting a single bit of effort into confirming anything but your own bias.

    Ethical reasons lmao. You all just laughed while our government illegally targeted one company with legislation to get rid of competition for big corporations like meta/google. Don’t pretend to be doing any of this for any kind of moral high ground when you can’t even be bothered to look into something before arguing for it. You’re just useful tools happily guzzling their bs excuse of it being for our security because that’s what you want to believe.

    • tearsintherain@leminal.spaceEnglish
      91·
      6 months ago

      Greed on Capitol Hill is not new and a huge problem. Big tech does need to get broken up. But are you trying to say TikTok and ByteDance and their backers are small corporations and mom and pop shops??

      Scrutiny over ByteDance expanded further after the government took a 1% stake in its local subsidiary Beijing ByteDance Technology in 2019 that awarded the Chinese government a board seat at the subsidiary. https://www.inc.com/reuters/what-you-need-to-know-about-tiktoks-chinese-parent-company-bytedance.html

      About 60% of ByteDance is owned by global institutional investors such as Carlyle Group, General Atlantic, and Susquehanna International Group,"

      Wiki stuff:

      Carlyle Group The Carlyle Group Inc. is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management.

      General Atlantic General Atlantic, legal main entity General Atlantic Service Company, L.P., is an American growth equity firm providing capital and strategic support for global growth companies, headquartered in New York, United States. The firm was founded in 1980 as the captive investment team for Atlantic Philanthropies, a philanthropic organization founded by Charles F. Feeney, the billionaire co-founder of Duty Free Shoppers Ltd.

      Susquehanna International Group The firm invested $5 million into ByteDance, the parent company of TikTok, in 2012 when ByteDance was founded. As of 2020, its stake in ByteDance represented 15 percent of its fully-diluted capitalization table and was valued over $15 billion on paper.[9]

    • Korne127@lemmy.worldEnglish
      6·
      6 months ago

      I don’t get your point. I’m against tech monopolies and I hate Google. I want Facebook to be split up and think that the current tech companies are way to powerful, see this video by Last Week Tonight. I use duckduckgo and try to avoid google services.

      Don’t pretend to be doing any of this for any kind of moral high ground when you can’t even be bothered to look into something before arguing for it.

      Lmao. How would you get the thought I wouldn’t have “looked into this”. That sounds like antivax level of arguments.

      Everything you said is basically wrong.

      And this gives me the feeling I’m much better informed than you tbh.
      Because no, what I wrote is factually correct, read for example this, this or this or just so many more articles, outlining detailed how TikTok censors content made by minorities, talking about the Uighur camps or so much more.

      I feel like you can’t grasp the thought that someone knows how bad many tech companies are and still can see that content behind TikTok is at least as terrible. And what I’m writing isn’t any more boomer-like than what you write, you even use the same talking points but are just ignoring any of TikTok’s flaws.