Re:The TikTok ban is a betrayal of the open internet
by Jochim on Tuesday March 28, 2023 @05:27PM
(#35348153)
You're not being very clear in your communication:
> ByteDance is financially backed by Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital, General Atlantic, and Hillhouse Capital Group. As of March 2021, it was estimated to be valued at $250 billion in private trades.[0]
> ByteDance says 60% of its shares are owned by non-Chinese investors such as U.S investment firms Carlyle Group and Kohlberg Kravis Roberts and Japan's SoftBank Group. Employees own 20% and its founders the remaining 20%. [1]
> On top of that, the communist Chinese state has consistently threatened its neighbors with violent annexation. I think it's a dishonest argument to claim that independent American platforms and state-owned Chinese platforms are equivalent.
I don't think America has much moral high ground when it comes to violent foreign interference.
> ByteDance is financially backed by Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital, General Atlantic, and Hillhouse Capital Group. As of March 2021, it was estimated to be valued at $250 billion in private trades.[0]
> ByteDance says 60% of its shares are owned by non-Chinese investors such as U.S investment firms Carlyle Group and Kohlberg Kravis Roberts and Japan's SoftBank Group. Employees own 20% and its founders the remaining 20%. [1]
> On top of that, the communist Chinese state has consistently threatened its neighbors with violent annexation. I think it's a dishonest argument to claim that independent American platforms and state-owned Chinese platforms are equivalent.
I don't think America has much moral high ground when it comes to violent foreign interference.
[0] https://en.wikipedia.org/wiki/TikTok
[1] https://abcnews.go.com/Technology/wireStory/us-chinese-owned...