TikTok ban: China would rather pull the app than sell it, strategist says
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- Опубліковано 22 тра 2024
- The US House of Representatives passed a bill over the weekend aimed at forcing TikTok's parent company ByteDance to divest from the company. President Biden has previously claimed that if the bill makes it to his desk, he would sign it into law. China has recently forced Apple (AAPL) to remove several popular messaging apps, including Meta's (META) WhatsApp, from its app store in China.
Macrolens Chief Strategist Brian McCarthy joins Market Domination to give insight into China's reception of the bill to ban TikTok from the US and how it will affect US/China relations.
In terms of the connection between China and ByteDance, and why China would not allow divestiture from ByteDance, McCarthy affirms: "The fact that there is no connection is their story and they're sticking to it come hell or high water. And I think, while ByteDance is probably worth anywhere between $250 billion to $300 billion, there is a fair amount of capital at risk here. Now, the company wouldn't cease to exist if it gets booted from the US market, but obviously, there's going to be tens of billions, if not triple-digit billions, lost, much of it on the part of Chinese investors. But that's really small change compared to what China is fighting for which is its unfettered access to our market. This is just one of a number of fronts in what is an increasingly, sort of, heated debate about China's involvement in global marketplaces. "
#youtube #tiktok #china
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It is all politics. What about u.s. social media companies that also monitored our information? U.s. companies are afraid of competition.
Remember when Trump banned TikTok and the left lost their minds. I do.
And now Trump is against the sale because his buddy owns Sequoia Capital. Sequoia Capital and Blackrock own 60% of Bytedance.
Well that was before Trump changed his mind about TikTok he don’t want them banned 😂😂 he has taken money from them now😂😂 yes the man who worked for free lmao!! Besides that foreign money he took. China his favorite.
I sincerely hope they just pull the app. We don’t need that toxic socially corrupting cringe app in our lives.
They can franchise it to a US company.
Oracle is already operating it in the US and is suppose to have been a firewall between US data and Chinese govt.
Lol telling me what to do and what not to do will lead me to do the opposite but neither will cause me to even life a finger because i don't care about anything anymore lol
So that means it IS Chinese controlled.
Chinese Founder only own the Algorithms
they should just operate without the app store
Let the app be pulled then, no point in allowing it in US when US apps are not allowed in China.
totally different. back the day, chinese government ask google to save the data within china just like now ticktok save data through Oracle within US. Google refused and decided to leave chinese market. Ticktok agreed to save data in Usa and now what happen is still need to leave.
Just google tesla in china vs chinese ev in us
HOW IS THIS NOT CENSORSHIP.
TIKTOK MUST BE BANNED
China should ban Coca cola, KFC, MacDonalds, Burger King, Starbucks, Pizzahut, Pepsi, these are giving people cancers and diabetes. Now iPhone is moving the productions to India, China should ban iPhone in the same way the US banned Huawei.
US shampoo and toothpaste brands are also monopolizing the Chinese market, they must be banned too, let the homegrown alternatives fill up their spaces.
Our government need to have a talk with the Singapore government to stop helping and spreading the CCP companies, or else it's a never ending story!
Never bite the hand that feed you
Ban tiktok, ban all chinese apps.
BAN WALMART.
Ingl id rather give my information to the chinese than the other option
China should ban MacDonalds, KFC, Burger King, Starbucks, these are giving people cancers.