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A comment on Xi Jinping personally halted Ant's IPO after Jack Ma snubbed government leaders. Parent comment

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by White_Wolf on Friday November 13, 2020 @02:01PM (#25086037)
Wouldn't the same apply to the attempt to force the sale of TikTok in US then?
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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by mattnewton on Friday November 13, 2020 @02:27PM (#25086347)
Yes, the US has been trending towards authoritarianism in my lifetime and that’s one example consequence.
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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by gpm on Friday November 13, 2020 @02:26PM (#25086339)
That's almost the main point, to be bad for business. Specifically business coming from a foreign dictatorship that is hostile to our businesses, threatens national security, etc.
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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by grey-area on Friday November 13, 2020 @02:27PM (#25086358)
Yes.
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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by AnimalMuppet on Friday November 13, 2020 @02:22PM (#25086286)
To some degree, yes. One difference is that the proposed buyers are not owned by those in power, so that direct financial benefit is not the motive for forcing the sale.
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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by bronson on Friday November 13, 2020 @05:44PM (#25088454)
The buyers (Ellison etc) were the the friends and supporters of those in power.
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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by 8note on Friday November 13, 2020 @10:01PM (#25089935)
What do you mean by in power?

If somebody has the wealth to buy this company, they already have considerable power

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