Hacker News new | past | comments | ask | show | jobs | submit
6P58r3MXJSLi | on: TikTok goes dark in the US
a Chinese company, yes, but backed by some of the major investment funds in the west, the Chinese own 20%, Chinese government is under 1%.
motorest | parent | next
> a Chinese company, yes, but backed by some of the major investment funds in the west, the Chinese own 20%, Chinese government is under 1%.

ByteDance not only blocked the sale of TikTok to a US company but also TikTok unilaterally decided to shut down operations in the US to strongarm the US government to prevent it's sale.

If the CCP actually had no control over TikTok and at most they only held a residual non-controlling position, then how do you explain the scorched earth strategy that is only aligned with the CCP's strategy and throws all other shareholders under the bus?

scarab92 | parent | next
The Chinese government has a majority of the voting stock.

More importantly, the company based in China, and the engineers working on it's recommendation system are based in China, and both are subject to the laws of China.

From a national security perspective, it's controlled by the Chinese government.

grajaganDev | parent
This seems a bit like splitting hairs.

There is quite a bit of naivete regarding how the Chinese government controls Chinese companies.

It is very different from the US.

6P58r3MXJSLi | root | parent
> There is quite a bit of naivete regarding how the Chinese government controls Chinese companies.

I happen to know how China works, have you got some example to present?

> It is very different from the US.

Actually, not really.

Can Facebook keep alive their "fact checking" program, now that Trump is president and not Biden, whose administration ordered it, probably more against Trump himself, than any other adversary of the USA?

Are Vanguard and BlackRock free to invest in whatever company they want?

For example: why are Vanguard and BlackRock backing Unicredit to buy Commerzbank, one of the few European banks not owned or heavily funded by American funds?

Workaccount2 | root | parent
A Chinese company cannot take the CCP to court and win. There is no separation of powers in China. There is no constitutional protection held on place by a group outside the ruling party.

China has a faux free capitalist society. Chinese companies are the way they are because the government lets them be that way, not because they have the right to be that way.

6P58r3MXJSLi | root | parent
> A Chinese company cannot take the CCP to court and win. There is no separation of powers in China

Why should a company take the CCP to court though?

They are in business together and have grown immensely in the past 30 years.

> There is no constitutional protection held on place by a group outside the ruling party

Where is that protection in the US though?

Call them parties, a faux bi-headed system instead of an honest one-headed one, and you get the same outcome.

> China has a faux free capitalist society

They never wanted US capitalism though, so it's business as intended.

> Chinese companies are the way they are

because the people of China like them like that.

Believe me, they do not want to be like you. The opposite is true in fact.

loading story #42758342