This is not a new precedent. The US government has placed foreign-ownership restrictions on media companies since before the public internet was a thing. The only difference here is that it's targeted at a specific company, but I'm not really up in arms about that, even though I think they definitely could have written the law without naming ByteDance or TikTok specifically.

I feel like takes like these are coming from a place of extreme naivete, or worse, nihilism. Either people don't understand why it's problematic that our most influential social media platform among basically everyone age 0-30 is fully controlled by the CCP, or people really think the CCP wouldn't use its ability to control any Chinese company to aggressively mold US public opinion in concert with their inevitable invasion of the democratic country Taiwan,

or... the nihilistic option:

People know China would engage in information warfare using TikTok in a situation like that, but they foolishly think the CCP is on even moral ground with free democracies so none of this matters, and we've gotta keep the funny musical memes flowing.

For all one's misgivings about the US -- and there are many valid ones! -- before deciding these governments are equal, talk to a Chinese political dissident, if you can find one, since they sometimes disappear.

After the invasion of Ukraine, the EU blocked a number of outlets for spreading pro-Russian disinformation (RT, Sputnik for example) so this would be nothing new.

As an EU resident your govt likely exerts far more control over media (both domestic and foreign owned) than the US

Ah, but you see, pigs are in fact more equal than other animals

Numerous examples of China-says-jump-everyone-says-how-high.

NBA, any company that makes anything within China using slavery, the guy/actor/wrestler (the name escapes me right now) who had to learn Chinese to apologize. Take your pick of "precedent".

1bn customers = a lot of money. A company that will kiss the ring will do the right thing by its shareholders and a nasty thing against humanity. I am 200% sure that Apple has given the keys for all users/phones/servers in China to the gov/CCP and nobody complained.

If North Korea had 1bn potential customers, we would be seeing Kim very differently.

We are cattle. It's all a 1984-ish sham.

Historically China has been so large and 'diverse' (not to be confused with DEI) (like India and Russia). It's not "one chinese person is just like anyone else". There are multiple Republics/States/etc. It takes an emperor to keep together an empire. And that usually requires (plenty of) violence.

Communism is built to make people suffer, remove individuality and requires total obedience and personal reformation to be the 'good citizen'. You and me both are EU citizens. We are all different and we respect/accept each other. In China if you disagree, you disappear. They would very much like to do the same to the rest of the world. And one day they will, just not yet. I hope they implode before they do (like all empires).

(apologies for the grim tone)(I suggest "Principles for Dealing with the Changing World Order by Ray Dalio": https://www.youtube.com/watch?v=xguam0TKMw8)