ByteDance won't sell TikTok, would rather pull it from the US
ByteDance won't sell TikTok, would rather pull it from the US
Am I a Reddit boomer when I’m 21 and like (some) Tiktok-esque kind of content?
I’ve never used TikTok, but not because I don’t get the idea of using audio as meme template or because I don’t like short videos. But just because that specific platform itself is so vile.
Not just talking about funding the Chinese government, TikTok e.g. reduces reach of neurodivergent people. Even worse, it censors information against China‘s authoritarianism and much more.
Why can’t I be happy that this awful platform loses reach? The content itself will be kept, there are enough copycats.
Also, Lemmy is full of people that stopped using Reddit for ethical reasons. So it’s not surprising many are against TikTok as well tbh.
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??
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]