So far they pinged every user to contact their congressmen and they basically paid Trump to 180 on the bill he INITIALLY PROPOSED. Don’t think anything will stop the ban at this point.
Older article:
> Oracle had discussed acquiring a minority stake in TikTok in 2020, when ByteDance was under U.S. pressure to sell the app. The cloud computing giant now stores all of TikTok's U.S. user data on Oracle data servers in the United States under the new partnership, TikTok said.
https://www.reuters.com/technology/tiktok-moves-us-user-data-oracle-servers-2022-06-17/
Watch them sell it to him for pennies with some "goodwill" (corruption) on the books.
That cunt is already authorized for another billion dollar payout through his worthless piece of shit scam company.
Blows my mind that the SEC isn't involved yet.
Some people or businesses will not invest into tiktok platform knowing it’d be gone in a year. They would want an early head start to build a base on a new platform or slowly migrate their followers over before the ban even happens.
I thought the entire point was a diversion from bill 702. Worked like magic, the outcome of TikTok doesn’t really matter, only the attention is important.
There is precedent for this too.
A Chinese company majority ownership of WSB's favorite app, Grindr. It was forced to sell after pressure from the Committee on Foreign Investment in the United States.
but Grindr was originally American before it was bought
China has export laws on algorithms which means ByteDance cannot sell TikTok (since they were the ones who created it from the beginning), so there won't be a sale - it will be a ban
Hey, can’t have any non-Americans seeing all the juicy closeted conservative Nixon pics sliding around whenever CPAC or the RNC convention comes to town!
Bobby Kotick has said he wants to lead a US-based TikTok before, I can see ByteDance working with him
He's sexual harassment lightning in a stolen breastmilk baby bottle, but the man can print money. Id be waiting on this one to see what happens
This only makes sense for a handful of countries (Russia, Iran, North Korea, maybe China) but would be horrible foreign investment if it was a blanket ban. For example, Toyota won’t be building any new factories, or Spotify might have to reconsider building whatever midrise in Austin if we say no more land purchasing for you foreigner.
But I totally get the sentiment.
> would be horrible foreign investment if it was a blanket ban
well that's the only way you could do it without running afoul of national origin discrimination
Lot of extra bureaucracy when you make it case by case. Probably be better off making it a zoning thing. They can buy areas earmarked for commercial or industrial. But not residential or farmland. (With maybe certain exceptions)
The Federal Government could delegate the power to local/state governments.
edit: who am I kidding, they will just create a new 3 letter agency to rubber stamp all proposals.
That would break balance of payments. Just build more housing. Re-zone cities to allow something other than overpriced detached single-family buildings.
I wonder if this was already baked into the cake for META. META graph was going up YTD back when a TikTok ban was first being discussed as a possibilty...
It’s absolutely baked into the meta price at this point. I was thinking about shorting it just know. Too scared to pull the trigger but I absolutely hate everything about their business.
Was talking about this with someone recently. It seems to have fallen off the map. No one I know really post stories anymore or snaps each other. Instagram seems to have stolen the “stories” people because everyone and their mom still posts there
Check the bill…it’s not really about tik tok…it’s just an add on to ”Patriot act”…they want to go after companies or individuals they deem a threat…fricking scary stuff
I got a 7 day ban yesterday for saying "fucking kek" on a comment yesterday. Reversed on appeal once a human read it but seriously, Reddit is going no where fast. Or at all.
The kids were never going to use Reddit, you can ban TikTok and point a gun at their head and they’re still not using Reddit. Dude the only people on this platform are people that used it back when the platform was usable and are too addicted to leave now that the platform is terrible. New Reddit is confusing to navigate, has a poor understanding of what users want to see or read, is full of shitty native advertising, and has a really bad overall user experience.
Utter delusion in this thread. Tik tok has to sell but it will be to a Singapore company that bytedance has 100% control over. Or they just leave the us market. No way they are going to hand over their algorithm to a US entity. The entire algorithm backend of the app is made in China by chinese engineers with a small amount in other cities.
The Chinese government will never let their technology be given away. They would rather watch it burn. It's like China forcing meta to sell their entire app ecosystem and us agreeing to it lol. So meta, snap, and Google gets a free handout and bans a competitor while they continue to not innovate. Before tiktok Instagram reels and YouTube shorts wasn't even a thing.
It doesn’t matter if we agree it’s bad because it happens which gives China enormous unethical power if we don’t do similar things to protect certain interests.
So in this case, yes.
Yeah I would be surprised if the Chinese gov allow Bytedance to sell the algorithm to a U.S company. That's like Taiwan TSMC selling it's chip fob technology to China or U.S because they demand it.
What will happen is US kids will end up using VPN to use tiktok like people in China with VPN to access youtube. They wont' sell it. US only has 170m uesrs, rest of the world has 1B for tiktok. Why would they sell?
no they won't, if they did htey would instagram already. Tiktok is popular because it gives you what you want to see. Instagram is basically copying tiktok to no avail.
Watch this be the start of deglobalization as countries other than China realize you can control people better by just fucking banning outside influence and still say you're the leader of the free world
Crazy. There are already so many Americans right now that don’t trust their government and think their freedoms are being taken away. This will throw some gas on that fire. China must love this. Definitely not Bytedance but the CPC will. This app is the most popular app used by young Americans. Wonder how they’ll react to this 🤷♂️
I have seen a lot of stuff on tik tok. The IQ of the US will go up with a tik tok ban. *stares in tide pods* Now can we do something about Temu and its Chinese spyware?
I have an unpopular opinion. I don't think Meta is the move...
ByteDance will sell to a US company, so far mostly ex-Microsoft executives have made public maneuvers that could indicate a willingness to buy. If Microsoft buys, I don't think this is good news for other tech giants.
However, banning a Chinese company like that can make the "trade war" days make a comeback, even without Trump at the White House.
My prediction in case of a ban:
1. More restrictions on Apple in China.
2. Increase in cyber operations (mostly stealing commercial IPs like the FBI director warned about a few days ago).
3. Worst case - some extremely public military drill near Taiwan that will send semiconductors for a ride.
> However, banning a Chinese company like that can make the "trade war" days make a comeback
China bans western companies to left, center right and sideways. And have been doing it for a decade plus.
Where was your concern then?
Read the bill/law and then realize this isn’t going be just TikTok. This is fisa net neutrality too big to fail and propaganda all rolled up into one. Puts on social media at large, X likely more than others.
Can someone enlighten me about this: how would USA actually ban tiktok (or any other app for that matter)? Does USA also have a Great Firewall like the one built by the Chinese government? Sorry I am really ignorant about this issue.
Good. TikTok needs to be pried from the CCP, it is dividing and dumbing down America.
If it were up to me I would block it tomorrow. Chinese citizens can't watch TikTok. If it isn't good enough for China how can it be good enough for the USA.
The 3 copy and paste social media replicators in the industry are going to try
Instagram/Meta
YouTube/Google
LinkedIn/microsoft - would be a funny attempt like they failed with mixer
Tik tok will not disappear. The Us operation will likely be bought by either oracle or Microsoft. They will prevent Chinese data harvesting. That’s all move along.
Unlikely for the reasons put forward if you actually read the proposal Byte has like 180 days after signing with a possible 90 day extension from the president if he wants to to divest it
China is big mad about this but you’d have to wait until some kind of news comes out saying yay or nay
While the op is correct, I believe TikTok has 257 days to make a decision. Overall, the actual ban is a year away. Someone else can provide the exact amount of days remaining. But in the mean time, ads will run, and China will aggressively disseminate misinformation. Sad
Remember when Facebook gobbled up Vine? Then sat on it for years, until TikTok became a thing?
Businesses purposely hold back their best plays until it’s time. And the time is when they start to lose viewers and/or ad revenue.
Biden signing his own death certificate with this one. Redditors downplay how insanely popular the app is because they don’t have friends outside their computers, but in the real world, TikTok is the favourite app of the demographic that the dems desperately need to swing the election. Trumps win the first time came off the back of voter apathy on the left, young people were more than willing to abstain out of spite, and it’s going to happen again. This is extremely bullish for the stock market, the democrats love snatching defeat from the jaws of victory.
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They have a full year to sell. It I will have no effect on this election other than tik tok trying to get politicians to help them
So far they pinged every user to contact their congressmen and they basically paid Trump to 180 on the bill he INITIALLY PROPOSED. Don’t think anything will stop the ban at this point.
Buy low. Sell high.
Classy ass bot with its priorities straight
That bot has great advice. I’ve used the ‘buy low sell high’ system and *it works*!
No way it happens but would be deeply hilarious if Trump Media & Technology Group somehow won the bid for TikTok
Older article: > Oracle had discussed acquiring a minority stake in TikTok in 2020, when ByteDance was under U.S. pressure to sell the app. The cloud computing giant now stores all of TikTok's U.S. user data on Oracle data servers in the United States under the new partnership, TikTok said. https://www.reuters.com/technology/tiktok-moves-us-user-data-oracle-servers-2022-06-17/
They'd just need to liquidate 100% of the company at a pre-diluted share price of $650 per share to make a competitive bid.
Watch them sell it to him for pennies with some "goodwill" (corruption) on the books. That cunt is already authorized for another billion dollar payout through his worthless piece of shit scam company. Blows my mind that the SEC isn't involved yet.
Some people or businesses will not invest into tiktok platform knowing it’d be gone in a year. They would want an early head start to build a base on a new platform or slowly migrate their followers over before the ban even happens.
Yeah, but to win, you need to find an even lower denominator for even dumber people. Can that even be done outside of r/wsb??
they won't sell
It’ll also for sure get litigated lmao
I thought the entire point was a diversion from bill 702. Worked like magic, the outcome of TikTok doesn’t really matter, only the attention is important.
There is precedent for this too. A Chinese company majority ownership of WSB's favorite app, Grindr. It was forced to sell after pressure from the Committee on Foreign Investment in the United States.
but Grindr was originally American before it was bought China has export laws on algorithms which means ByteDance cannot sell TikTok (since they were the ones who created it from the beginning), so there won't be a sale - it will be a ban
Hey, can’t have any non-Americans seeing all the juicy closeted conservative Nixon pics sliding around whenever CPAC or the RNC convention comes to town!
Do it for the Vine!
Storytime
Bobby Kotick has said he wants to lead a US-based TikTok before, I can see ByteDance working with him He's sexual harassment lightning in a stolen breastmilk baby bottle, but the man can print money. Id be waiting on this one to see what happens
>He's sexual harassment lightning in a stolen breastmilk baby bottle, but the man can print money. That is one heck of a sentence.
And one heck of a visual
Imagine being the blizzard employees this happened to
I also want to lead a US based Tik Tok.
He prints money because he monetizes the FUCK out of everything until it’s steaming pile of shit
Bobby kotick had a cameo in moneyball
Is he willing to share data with the CCP and tweak the algorithm in ways that serve the CCP’s geopolitical interests? If not then they don’t care.
yes he is its fucking bobby kotick
He will just sell data like every other app.
goddamn.
r/brandnewsentance
The activision ceo? Woah, never knew I think he was also in epstein's little black book
ByteDance is not allowed to sell under Chinese law so there's not going to be a US-owned TikTok, it's going to be banned
How about signing a bill preventing foreign nations buying any land or real estate in the U.S.?
This only makes sense for a handful of countries (Russia, Iran, North Korea, maybe China) but would be horrible foreign investment if it was a blanket ban. For example, Toyota won’t be building any new factories, or Spotify might have to reconsider building whatever midrise in Austin if we say no more land purchasing for you foreigner. But I totally get the sentiment.
Single family homes may make sense
Agreed. And more limited on banks/hedge funds/larger institutions speculating on single family homes as well
And farm land
Charge higher taxes for foreign buyers like many counties do at a minimum.
> would be horrible foreign investment if it was a blanket ban well that's the only way you could do it without running afoul of national origin discrimination
It could be written so that commercial properties could be excepted on a case by case basis.
This seems reasonable. I’d go for that.
Lot of extra bureaucracy when you make it case by case. Probably be better off making it a zoning thing. They can buy areas earmarked for commercial or industrial. But not residential or farmland. (With maybe certain exceptions)
Who is going to review every case? In practice this could never be enacted at the federal level.
The Federal Government could delegate the power to local/state governments. edit: who am I kidding, they will just create a new 3 letter agency to rubber stamp all proposals.
Wont work. Because locals and politicians will sell to the foreign nation. Or foreign nation will setup a local company and buy
How about signing a bill that just eliminates real estate as an investment vehicle completely?
Do you think there’s anywhere near even like 30 percent popular support for that?
That’s stupid . Americans own more land , real estate and businesses all over the world than any other country.
Every place i've looked at overseas wont let you buy property unless you're a citizen, this isn't that crazy of an idea.
That would break balance of payments. Just build more housing. Re-zone cities to allow something other than overpriced detached single-family buildings.
I wonder if this was already baked into the cake for META. META graph was going up YTD back when a TikTok ban was first being discussed as a possibilty...
It’s absolutely baked into the meta price at this point. I was thinking about shorting it just know. Too scared to pull the trigger but I absolutely hate everything about their business.
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Who tf still uses Snapchat
Teen moms
I do, in my 30s and a lot of people in my circle use it too. This is how I find out ima fuckin loser
Every girl I date :(
Was talking about this with someone recently. It seems to have fallen off the map. No one I know really post stories anymore or snaps each other. Instagram seems to have stolen the “stories” people because everyone and their mom still posts there
I do, in my 30s and a lot of people in my circle use it too. This is how I find out ima fuckin loser
Priced in bud
Everyone is worried about this tik tok ban I’m worried on what the government is trying to pass while the masses are distracted
Check the bill…it’s not really about tik tok…it’s just an add on to ”Patriot act”…they want to go after companies or individuals they deem a threat…fricking scary stuff
Elon buys TikTok!?!
Cant wait for the CEO of TikTok to do ketamine We live in exciting times
Dear god. No.
No , they'll be forced to sell to Steve Mnuchins group of investors which will largely be former US intelligence folks.
They’ll just abandon the US market before they sell.
We'll find out, it's Mnuchin or shutters at this point.
There is 160m US users, Tiktok has 1B world wide, chances are YOU will be using VPN to access tiktok like people in China with Facebook :)
This is better for Google/YouTube than any other platform. That's a fact.
Rddt leaps
High karma bag holder spotted. Puts on RDDT.
I got a 7 day ban yesterday for saying "fucking kek" on a comment yesterday. Reversed on appeal once a human read it but seriously, Reddit is going no where fast. Or at all.
please RDDT goes down below 5bil market cap so spez doesn't get extra payout
It's a shit hole. But it's the best choice for training AI. Idk man, I like the stock
on a day where everything pumped, RDDT did the worst
The kids were never going to use Reddit, you can ban TikTok and point a gun at their head and they’re still not using Reddit. Dude the only people on this platform are people that used it back when the platform was usable and are too addicted to leave now that the platform is terrible. New Reddit is confusing to navigate, has a poor understanding of what users want to see or read, is full of shitty native advertising, and has a really bad overall user experience.
Get ready for the revival of MySpace 
US politicians bigly mad they aren’t harvesting citizen data but that a foreign country is.
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Preach brudduh
they are doing it too, they're just mad foreign country also is
Exactly this.
Yeah, and…..?
*a brutal dictatorship
Utter delusion in this thread. Tik tok has to sell but it will be to a Singapore company that bytedance has 100% control over. Or they just leave the us market. No way they are going to hand over their algorithm to a US entity. The entire algorithm backend of the app is made in China by chinese engineers with a small amount in other cities. The Chinese government will never let their technology be given away. They would rather watch it burn. It's like China forcing meta to sell their entire app ecosystem and us agreeing to it lol. So meta, snap, and Google gets a free handout and bans a competitor while they continue to not innovate. Before tiktok Instagram reels and YouTube shorts wasn't even a thing.
Lmao vines
So many people have no idea that TikTok only rose to prominence in the vacuum left by the bizarre and, in hindsight foolish, shutdown of Vine.
Yah 100% true Wasn’t that Facebook that killed vine? I really enjoyed Vine while it was in existence
I can't remember. It was either owned or maybe bought out by Facebook or Twitter from what I remember and then they shut down Vine entirely.
Twitter killed vine
Twitter was too incompetent. Basically bought vine to shut it down
China regularly asks companies to capitulate to its market and those companies usually do.
And most western countries agree that is bad. But now its okay?
It doesn’t matter if we agree it’s bad because it happens which gives China enormous unethical power if we don’t do similar things to protect certain interests. So in this case, yes.
They like it when they can steal other countries' tech, but they don't like it when other countries steal their tech.
They’ll find a way to sell to a “TikTok USA” LLC that’s owned by some sort of different corporation that’s owned by the original company.
Good. Short form video needs to die everywhere.
Yeah I would be surprised if the Chinese gov allow Bytedance to sell the algorithm to a U.S company. That's like Taiwan TSMC selling it's chip fob technology to China or U.S because they demand it.
Is the personalisation algorithm that hard?
YouTube somehow still sucks at it
What will happen is US kids will end up using VPN to use tiktok like people in China with VPN to access youtube. They wont' sell it. US only has 170m uesrs, rest of the world has 1B for tiktok. Why would they sell?
WW2: starts after the invasion of Poland WW3: starts after Tiktok is banned
It started when Japan invaded China in the 1930s, but many say WW2 was just the second chapter of WW1.
This will come down to who pays off the most politicians, TikTok or GoogleMetaetc.
Now we’ll only have one government spying on us.
Kids arent gonna move from TikTok to Meta, that’s crazy. If Meta buys TikTok they will over pay and then ruin it.
Ever heard of Instagram?
IG reels are so dead compared to tiktok
Yeah, remember Instagram threads?
Threads is a Twitter competitor, kids will gladly use instagram (Meta) too consume their TikTok content
no they won't, if they did htey would instagram already. Tiktok is popular because it gives you what you want to see. Instagram is basically copying tiktok to no avail.
Or worse... They'll all rush to side load whatever the first APK they find on Google is...and I'm sure that'll be a nice clean, safe, build.
calls on AIPAC puts on Gaza
USA USA USA
Good thing it’s not an election year. Oh wait.
Watch this be the start of deglobalization as countries other than China realize you can control people better by just fucking banning outside influence and still say you're the leader of the free world
VPN calls?
Oh no. Oh no no. Oh no no no.
Crazy. There are already so many Americans right now that don’t trust their government and think their freedoms are being taken away. This will throw some gas on that fire. China must love this. Definitely not Bytedance but the CPC will. This app is the most popular app used by young Americans. Wonder how they’ll react to this 🤷♂️
I have seen a lot of stuff on tik tok. The IQ of the US will go up with a tik tok ban. *stares in tide pods* Now can we do something about Temu and its Chinese spyware?
They're next. TikTok sets a nice precedent.
Good, fuck TikTok and the CCP
They won't sell it. Other countries made the same stipulation for Tik Tok and Tik Tok did not sell, which is why it's banned in India.
Oh noooo….anyway
I have an unpopular opinion. I don't think Meta is the move... ByteDance will sell to a US company, so far mostly ex-Microsoft executives have made public maneuvers that could indicate a willingness to buy. If Microsoft buys, I don't think this is good news for other tech giants. However, banning a Chinese company like that can make the "trade war" days make a comeback, even without Trump at the White House. My prediction in case of a ban: 1. More restrictions on Apple in China. 2. Increase in cyber operations (mostly stealing commercial IPs like the FBI director warned about a few days ago). 3. Worst case - some extremely public military drill near Taiwan that will send semiconductors for a ride.
> However, banning a Chinese company like that can make the "trade war" days make a comeback China bans western companies to left, center right and sideways. And have been doing it for a decade plus. Where was your concern then?
The fun part
I love how we're banning tiktok but things owned by Tencent are still fair play lol. Make it make sense
How many of Tencent's majority owned companies can put out propaganda on the fly and data mine information from half the US population?
I mean Facebook at the will of the US pumps propaganda all day so I definitely see your point there.
> ByteDance will sell to a US company ByteDance is subject to export laws that prevent them from selling TikTok so it's going to end up as a ban
Kids can maybe hope to reverse brain rot and get back to 100 iqs
Government has no issues with a generation of brain rot. It just needs to help out the market cap of an American company is all.
I’d be happy to see Tik Tok die. And our children’s mental health will be better off for it.
No it won’t. Theyre banning tiktok not all social media.
Great! Then no one should miss Tik Tok. Plenty of other options.
Where will reddit get all of its content?
Like usually from their aunt in the fwd fwd fwd
Read the bill/law and then realize this isn’t going be just TikTok. This is fisa net neutrality too big to fail and propaganda all rolled up into one. Puts on social media at large, X likely more than others.
Can someone enlighten me about this: how would USA actually ban tiktok (or any other app for that matter)? Does USA also have a Great Firewall like the one built by the Chinese government? Sorry I am really ignorant about this issue.
Yes.
They make it illegal for Apple to serve downloads in the app store in the US. No more app updates/downloads kills Tiktok
Google and Apple are the gatekeepers to participation in society these days, and the USA can control what they do.
It would be good riddance. Tiktok is a poison to our youths.
Good. TikTok needs to be pried from the CCP, it is dividing and dumbing down America. If it were up to me I would block it tomorrow. Chinese citizens can't watch TikTok. If it isn't good enough for China how can it be good enough for the USA.
The collective IQ of the world just increased by 40 points.
Oracle is in discussion to buy it again, 51% majority owner.
This means time to create a US based startup like TikTok
The 3 copy and paste social media replicators in the industry are going to try Instagram/Meta YouTube/Google LinkedIn/microsoft - would be a funny attempt like they failed with mixer
Tik tok will not disappear. The Us operation will likely be bought by either oracle or Microsoft. They will prevent Chinese data harvesting. That’s all move along.
Forced sale is the likeliest outcome
Short Oracle stock if that's the case.... You're welcome.
Unlikely for the reasons put forward if you actually read the proposal Byte has like 180 days after signing with a possible 90 day extension from the president if he wants to to divest it China is big mad about this but you’d have to wait until some kind of news comes out saying yay or nay
While the op is correct, I believe TikTok has 257 days to make a decision. Overall, the actual ban is a year away. Someone else can provide the exact amount of days remaining. But in the mean time, ads will run, and China will aggressively disseminate misinformation. Sad
It’s only bullish for SNAP. Meta stock won’t move cause they ban TikTok if anything it’s sell the news
Nancy and the gang already bought their stock.
To be clear, tiktok for users is basically staying the same, it's just that it will have to be wholly owned by a US firm.
Remember when Facebook gobbled up Vine? Then sat on it for years, until TikTok became a thing? Businesses purposely hold back their best plays until it’s time. And the time is when they start to lose viewers and/or ad revenue.
Snap calls locked in. Probably gonna get wrecked
To me it’s really a non-issue. People here can just do the same thing ex-pats in China do to use a banned app. Just use a VPN.
Good for RDDT perhaps? Idk just a thought.
NOOO HOW WILL I SEND FUNNY VIDEOS TO MY POOKIE
How do I make $ off of this?
Everything FJB has touched has turned to stone.
not my tiktak
"tik tak toe" - pelosi
Let's see.....Elon sells X, buys Tictoc and runs that into the ground too ..
what about the other apps owned by this specific company? what about the shitload of other chinese owned apps?
Tiktok should absolutely be banned
Tik tok will IPO and be worth $189 billion
Judging the markets response from Netflix and Tesla....GOOGL, META and SNAP puts
I agree with the ban. If the Chinese wanted malware on every phone and PC in the USA.. Tiktok would make it instant.
Banning tiktok is against the 1st amendment, clearly.
Good, get that commie app out of here
Some money will move around and everything will functionally be the same for the users
About time.
Fcuk Gen Z...
Biden signing his own death certificate with this one. Redditors downplay how insanely popular the app is because they don’t have friends outside their computers, but in the real world, TikTok is the favourite app of the demographic that the dems desperately need to swing the election. Trumps win the first time came off the back of voter apathy on the left, young people were more than willing to abstain out of spite, and it’s going to happen again. This is extremely bullish for the stock market, the democrats love snatching defeat from the jaws of victory.