this post was submitted on 24 Apr 2024
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Senate passes bill forcing TikTok’s parent company to sell or face ban, sends to Biden for signature. Biden expected to sign on Wed. (apnews.com)
submitted 6 months ago* (last edited 6 months ago) by [email protected] to c/[email protected]
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[–] [email protected] 1 points 6 months ago* (last edited 6 months ago) (2 children)

The Chinese government doesn't own Tik Tok, either.

[–] [email protected] 9 points 6 months ago

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.

[–] [email protected] -3 points 6 months ago

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!