ZeroCool@slrpnk.net to Technology@lemmy.worldEnglish · 1 year agoUS lawmakers vote 50-0 to force sale of TikTok despite angry calls from usersarstechnica.comexternal-linkmessage-square85fedilinkarrow-up18arrow-down10
arrow-up18arrow-down1external-linkUS lawmakers vote 50-0 to force sale of TikTok despite angry calls from usersarstechnica.comZeroCool@slrpnk.net to Technology@lemmy.worldEnglish · 1 year agomessage-square85fedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up0·1 year agoIs it a private business if it’s owned by the Chinese government?
minus-squareEiim@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up0·1 year agoIt’s really not though? The Chinese government has a 1% stake in ByteDance. Meanwhile ~60% is foreign investors – believed to be mostly American.
minus-squarenialv7@lemmy.worldlinkfedilinkEnglisharrow-up0·1 year agoYou have a misunderstanding of how China’s government operates. It does not matter how much stake the government holds, companies just cannot say no to the government’s request. Otherwise you will be disappeared. See Alibaba for example. Remember, China does not have a democracy.
minus-squareCrikeste@lemm.eelinkfedilinkEnglisharrow-up0arrow-down1·1 year agoOoooof, somebody licking the boot of capitalism a little too hard.
minus-squareferralcat@monyet.cclinkfedilinkEnglisharrow-up0arrow-down1·1 year agoThat’s literally the same thing the us government is doing here…
Is it a private business if it’s owned by the Chinese government?
It’s really not though? The Chinese government has a 1% stake in ByteDance. Meanwhile ~60% is foreign investors – believed to be mostly American.
You have a misunderstanding of how China’s government operates. It does not matter how much stake the government holds, companies just cannot say no to the government’s request. Otherwise you will be disappeared. See Alibaba for example.
Remember, China does not have a democracy.
Ooooof, somebody licking the boot of capitalism a little too hard.
That’s literally the same thing the us government is doing here…