ByteDance won't sell TikTok, would rather pull it from the US
ByteDance won't sell TikTok, would rather pull it from the US
If you're hoping that the TikTok ban will result in ByteDance selling the social network to stay in the US, we have some bad news.
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If money wasn't the point, then influence was. Congress is right to shut them down.
Foreign owned, FARA-unregistered influence operations have never been a facet of "free speech" in the USA.
It's pretty weird that they'd admit it.
The smart move would have been to sell it and take the L, and use the new money to build the next thing.
Money is still the point. There's an entire world outside the US.
I mean, not on the surface. But lobby groups working for foreign governments operate in Washington to this day, and they’re ignored because Congress doesn’t want to shut the money tap off.
They'd lose money in a sale as they'd lose their IP.