while i'm obviously sure it's a bluff, pulling out instead of selling would be the clearest admittance that tiktok is (or at that point: was) not about the profit, but about Chinese influence in the US. the message being "we rather leave a hudred billion dollars on the table than give away our surveillance technology to some US company."
There are valid commercial reasons not to go through a forced sale with a ticking time limit, which will inevitably carry a steeply discounted price. Rather than getting robbed, it makes sense to hang on to the company and take profits from the rest of the world.
I think this is a good move honestly, they want it to be an algo similar to meta which you know is terrible, meta is like mostly dudes saying gen Z men are AWAKE and hate LGBT people and tate clips. They seem to have much less success in the algorithm on tiktok
If the Chinese government is behind this, it's a great play. Having Joe Biden be "the guy who banned tik tok" would severely undermine his election chances.
Lemmy really seems to generally think that TikTok isn't massively overall popular. Lemmy would have someone thinking it's a niche app only being used by teenagers.
Even if they do plan to sell they wouldn't say it. If buyers think that a sale is inevitable they can offer less because they "don't have a choice" but to sell. If they act as if their plan is to pull out the buyers need to not just make them an offer that is higher than the others, but also high enough to make them reconsider their whole position.
This is right on. The best PR right now is to say they’ll never sell. Take a hard line while they challenge the law in court. They can always have acquisition meetings in private, and announce it out of nowhere at the last second if they do find a buyer.
Nah, they'll sell. It would be foolish for them to admit it publicly, that would drive down the price. They'd also lose influence in the American media landscape if they killed TikTok. Finally, they're fighting this law in the courts, and admitting they'd sell if forced too would be weakening their position. It's not like selling would really hamper CCP control all that much, they'd just send texts to people's personal phones when they need something instead of sending official emails.
There will be a rush of US startups to replace it, and they will all be stage 1 enshittification, so they might actually be good for a while, like TikTok once was.
