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0 pointsyibg1y ago0 comments

I keep seeing this type of comment here, like a sell is the obvious thing to do. Why? Selling / divesting TikTok US under these circumstances would surely not fetch the best price. In addition they would immediately create a global competitor that have the same product. Why would ByteDance the company or its investors want that?

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rchaud1y ago

Not to mention, why would they trust the US to pay tens of billions of dollars after this rigmarole? The incoming head of state doesn't exactly have a great track record of seeing through on promises to pay and is threatening tariffs against all and sundry.

Anybody with that kind of financing readily available is throwing it at AI and not another social network, no matter how useful it might be for domestic propaganda.

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stale20021y ago

Well yeah, of course Tiktok isn't going to get the best price now that it has tried and failed to play chicken against the US government.

They should have seen a law like this being passed coming years ago. That is more than enough time to divest.

Too late now for them, I guess. They can take the financial hit for being so bad faith.

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