China mulls potential sale of TikTok US to Musk, Bloomberg News reports (www.reuters.com)
from MicroWave@lemm.ee to world@lemmy.world on 14 Jan 02:04
https://lemm.ee/post/52547100

Summary

China is reportedly considering selling TikTok’s U.S. operations to Elon Musk if the company cannot avoid a potential U.S. ban, Bloomberg reports.

Officials prefer TikTok to remain under parent ByteDance but acknowledge the possibility of a forced sale or government-arranged deal.

One proposal involves Musk’s platform X co-managing TikTok U.S. Beijing’s “golden share” in ByteDance has raised national security concerns in the U.S., with a Supreme Court ruling on a TikTok ban or sale expected by January 19.

Neither TikTok nor Musk confirmed any negotiations.

#world

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avidamoeba@lemmy.ca on 14 Jan 02:13 next collapse

Wait I thought the ByteDance CEO said they weren’t Chinese but Singaporean.

Also having Elmo own both Twitter and TikTok would be fucked.

LostWon@lemmy.ca on 14 Jan 02:37 collapse

CEO is Singaporean (and according to the BBC article I mentioned in my other comment, he says this report of a sale is “pure fiction”). China has some people on the board though. Not sure what to believe here.

takeda@lemm.ee on 14 Jan 03:19 collapse

It doesn’t matter what country the CEO is from. The company is currently controlled by China, and can’t be compelled to obey US laws.

US is also late to the party: en.m.wikipedia.org/wiki/Censorship_of_TikTok

Most telling thing is that even though this is a Chinese product, China itself bans it, and instead uses its own version of TikTok.

LostWon@lemmy.ca on 14 Jan 02:35 next collapse

There’s actually a post in the “News” community with a link to a BBC article directly contradicting this very article, per TikTok itself.

takeda@lemm.ee on 14 Jan 03:21 collapse

Can you link? This is Lemmy, there are many “News” communities on different servers.

ShepherdPie@midwest.social on 14 Jan 03:46 next collapse

www.bbc.com/news/articles/c78w9zz62ego

takeda@lemm.ee on 14 Jan 03:49 collapse

Thank you!

LostWon@lemmy.ca on 14 Jan 05:08 collapse

Sorry I thought I said it was in lemmy.world, but apparently not! Here’s the link: lemmy.world/post/24250168

takeda@lemm.ee on 14 Jan 05:11 collapse

Thanks, how can two supposedly reputable news sources report compete opposite.

LostWon@lemmy.ca on 14 Jan 05:12 collapse

Your guess is as good as mine.

Manifish_Destiny@lemmy.world on 14 Jan 04:30 collapse

Didn’t some politician just admit they want it banned because they can’t control the narrative on the gaza genocide on the app?