• Match!!@pawb.social
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    7
    ·
    6 months ago

    The CCP only owns around 1 percent of ByteDance with majority ownership belonging to multinational investment groups (Carlyle, Susquehanna, etc); however the CCP regulates the sale of source code so it’d be hard to get approval.

    The most important part is that ByteDance actually doesn’t make most of its money in the US so they’d rather shut down TikTok than let the Americans have their algorithm