Trump gives nod to Oracle buyout of TikTok in US

Re:Trump gives nod to Oracle buyout of TikTok in US by nine_zeros on Wednesday August 19, 2020 @10:44AM (#24210878)

Exactly this. The ban itself was fine. But to force sale of assets to a US company (which reduces bidding prices significantly) is just corrupt thuggish politics. At this point, a third country should be wary of doing any business in the US.

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Re:Trump gives nod to Oracle buyout of TikTok in US by sildur on Wednesday August 19, 2020 @11:11AM (#24211160)

I took that as a big warning message, and started to reduce my US exposure as much as I can. I was already going self hosted so it’s easier for me. The only new requirement is avoiding American companies as much as possible.

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Re:Trump gives nod to Oracle buyout of TikTok in US by webninja on Thursday August 20, 2020 @09:34PM (#24231047)

China very often does it to the US though. It’s just tit for tat.

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Re:Trump gives nod to Oracle buyout of TikTok in US by sitkack on Wednesday August 19, 2020 @11:09AM (#24211141)

Weakening the dollar makes our exports look more attractive and encourages more spending at home.

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Re:Trump gives nod to Oracle buyout of TikTok in US by nine_zeros on Wednesday August 19, 2020 @11:31AM (#24211441)

> Weakening the dollar makes our exports look more attractive and encourages more spending at home.

How is this relevant to app bans and mafia sales?

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Re:Trump gives nod to Oracle buyout of TikTok in US by asdfthvaa2 on Wednesday August 19, 2020 @11:17AM (#24211237)

What? its not worse than a ban, its so not worse that ByteDance could simply not sell its US operations and stop being present in the US, making it just like a ban. A ban would leave no option.

This is pretty much what China does, but for every service.

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Re:Trump gives nod to Oracle buyout of TikTok in US by nine_zeros on Wednesday August 19, 2020 @11:35AM (#24211503)

> This is pretty much what China does, but for every service.

Since when did we aspire to become more like China?

> its not worse than a ban, its so not worse that ByteDance could simply not sell its US operations and stop being present in the US, making it just like a ban

The difference is, why should a US entity own this asset for it to have operations in the US? Why can't it be a EU entity or Australian entity or Canadian entity or Ugandan entity?

Does this mean that US government is going to erratically force foreign businesses to sell US assets when they want?

The equivalent of this would be EU asking Apple to sell all EU operations to Nokia or whatever to be able to operate in that market. Does this sound business friendly?

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Re:Trump gives nod to Oracle buyout of TikTok in US by throwaway554323 on Wednesday August 19, 2020 @11:53AM (#24211758)

This is not what China does.

China requires a proactive censorship policy and all Chinese data to be hosted in China. If the company complies, they can operate in China.

This is why Skype and iMessage work in China.

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