this post was submitted on 18 Mar 2024
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It'd be really funny if ByteDance doesn't sell and TikTok getting banned crashes the economy.
Given the CCP involvement in their country's businesses, I think there will be a lot more involved than would be in other sales. There are already articles talking about how the sale will take longer than the 6-month timeline (if it passes the Senate/President and any potential legal challenges).
I don’t see there being a sale at all. ByteDance isn’t gonna sell the world’s hottest social media platform simply because a foreign country demands it, and even if it were a lucrative enough offer to be tempting, the CPC wouldn’t allow it anyway. If something like this happened in the other direction, I think 1/4 of the US Senate would go into cardiac arrest on the spot, and there’s exactly a 0% chance it would be allowed to happen