Not to mention, why would they trust the US to pay tens of billions of dollars after this rigmarole? The incoming head of state doesn't exactly have a great track record of seeing through on promises to pay and is threatening tariffs against all and sundry.
Anybody with that kind of financing readily available is throwing it at AI and not another social network, no matter how useful it might be for domestic propaganda.
> Not to mention, why would they trust the US to pay tens of billions of dollars after this rigmarole?
Don’t need trust when you have the second most powerful state entity backing you. Corporate America has a complete jammed full history of its interests getting screwed over by foreign entities only for the US government to step in either with military force or some coercive measure resulting in a corrective action. Im sure China is well aware of this playbook and are probably apt to copy it too.
Which makes no sense. Meta wouldn’t sell “meta Uk”, data product, algo and all to a competitor for 20 billion or whatever the number floating around is.
Divesting the US operation would be pointless, the goal of the law is to control the algorithm, and that isn't something that the US office has access to. If they did they could simply be poached like Uber did to Waymo.
It's a distinction without a difference. Musk is effectively an agent of the state, with billions in subsidies he wants to protect, and a Chinese auto market he is desperate to be allowed into.
The CCP would not miss out on taking advantage of the situation and demanding trade concessions for agreeing to sell. US government would absolutely be involved in raising the necessary finance, as banks won't be bending over backwards to lend Musk money for another speculative venture.
* If ByteDance divests their US TikTok operations, they create a new competitor that could potentially out-compete them in other (non-US, non-Chinese) markets.
* Whatever amount of money they get for this divestiture would be much lower than what the business is worth to ByteDance (when your options are sell or shut down, potential buyers will not feel the need to bid high).
* ByteDance's US TikTok operations are certainly of non-financial value to the Chinese government. That value is likely orders of magnitude higher than their financial value to ByteDance. Selling that user base is probably not preferable to shutting down. Influence campaigns are certainly easier to run on a platform you own, but certainly those campaigns are already running on Facebook, Instagram, Twitter, etc. Why add another platform that they can't control where they have to run influence campaigns?
Anybody with that kind of financing readily available is throwing it at AI and not another social network, no matter how useful it might be for domestic propaganda.