Uncertainty reigns as Trump claims China approved TikTok deal.

Uncertainty reigns as Trump claims China approved TikTok deal.

      • alekwithak@lemmy.worldEnglish
        10·
        2 days ago

        This was in January, when Tiktok was set to be banned (by Trump in his first term, but it kept getting extended, then magically Trump saved Tiktok (from himself)! And Tiktok did everything it could to make him look like a hero. Also used it a bit during 2024 for my business, and let me tell you, say something leftist = banned. Mention Palestine= banned. Criticize Trump = banned. Report hate speech = “We found nothing wrong”. Report fake news = “We found nothing wrong”. Report violent calls to action against the left = “We found nothing wrong”. So yeah I could go on, but it’s very obviously been a maga platform since at least 2024. But nothing is ever enough for them.

        • TrickDacy@lemmy.worldEnglish
          3·
          2 days ago

          Shit. Thanks for that info. I’ve never used it but figured I would’ve heard about news like this. Guess not

          • alekwithak@lemmy.worldEnglish
            4·
            2 days ago

            Oh! And I forgot that tiktok came back the very next day, still before Trump’s inauguration, thanking Trump.

  • ninjabard@lemmy.worldEnglish
    17·
    2 days ago

    I learned from my besties Vlad and Xinnie the Pooh Bear to have government controlled propaganda machines because the youth aren’t on that loser Zucky Boy’s thing.

  • DarkFuture@lemmy.worldEnglish
    51·
    2 days ago

    I think everyone is well aware that TikTok is about to become yet another racist supremacist shithole.

  • limer@lemmy.mlEnglish
    21·
    2 days ago

    Why does anyone think this is true or will happen? Did ByteDance or the Chinese government say anything?

    • BrikoX@lemmy.zipOPMEnglish
      7·
      2 days ago

      Trump said Xi said they will approve the deal. That said there is no official word from Chinese government as of yet, but them not denying it outright makes me think they will approve the deal.

      • humanspiral@lemmy.caEnglish
        2·
        2 days ago

        China has cleared regulatory hurdles to allow a deal on their terms. Deal includes leasing the algorithm at a 20% revenue royalty. Which is $2-$3B payment/year to ByteDance. Previous valuations of US operations were $40B at high end which means profit under $2B/year, and so the buyers are buying a money losing business that they have to invest to grow sales and lose even more from the royalty payments. ByteDance shareholders (many American) love this deal because they get $14B (or 45% of it) + all of the profits they were ever going to get in the future.

        The criticism that this is a sweetheart deal for MAGA supporters is false. This is just Zionazi media consolidation to ensure Zionazi/MAGA censorship. Like all Zionazi media, operational profit is not the purpose.

      • limer@lemmy.mlEnglish
        2·
        2 days ago

        I think China and ByteDance are silent to not aggravate the situation, and I see no incentive to sell. Most likely TicToc will quietly cooperate with the American government more, or the service will be banned

        • BrikoX@lemmy.zipOPMEnglish
          5·
          2 days ago

          Cooperate on what? It was never about national security. The US just wants to control all social media platforms. From China’s perspective, it has outlived its usefulness as a data collection platform and could be better leveraged as an asset in trade negotiations.

          My guess is that approval to sell will be followed by some tarrifs relief or some other trade deal.

          • limer@lemmy.mlEnglish
            2·
            2 days ago

            If you look at the Chinese press and social media no sale is expected.

            Trump has a history of announcing sales without agreement. He did it before he was president.

            Also at this point he had lied and broken promises so much the Chinese cannot rely on agreements, they can only try to not engage in non constructive ways.

            People should not listen to Trump

            • BrikoX@lemmy.zipOPMEnglish
              2·
              2 days ago

              If you look at the Chinese press and social media no sale is expected.

              I did and see the opposite. Most expect it to go through but see it as a win since they retained ownership of algorithm and the access to US market.

              Trump has a history of announcing sales without agreement.

              While true, it’s usually self-serving ego boost. This being a fake deal would be a huge embarrassment instead.