this post was submitted on 25 Mar 2024
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Everybody talking about nonexistent bans, playing into TikTok's hands of shifting the narrative away from them being forced to sell.
What's the difference?
The end user won't be aware anything happened. If a ban kicks in then they will start to notice issues when the app updates don't occur.
We are talking about management going from a Chinese company to a US company. They're will be no guarantees we will end up with the same service.
Service could change at any point though. If new American owners are smart they are not going to break something that's obviously working.
Every internet service got worse... with the same owners.
Forcing them to sell means TikTok will continue to operate under new ownership, owners who are not an arm of the Chinese Military.
Banning them would mean TikTok will no longer operate.
The legislature in the works is a forced sale.
A forced sale on a timescale that these kind of sales have never and will never work on. It's framed like a sale for those reasons but in practice it's an impossible task designed to force failure and thus removal.
We'll see, I suppose. Some business sell in a couple months, some businesses take years to sell. I haven't read the legislature so idk if there is a time limitation set on the forced sale, please enlighten us.
A decent article on the time frame of similar sales
The bill itself
"web hosting services in the U.S. would be barred from hosting any “foreign adversary controlled application,” specifically calling out ByteDance’s TikTok, per the text of the bill (H.R. 7521). The ban would go into effect unless such a “foreign adversary” (i.e. ByteDance) divests its ownership in the app (i.e. TikTok) within 165 days of becoming law."
The paraphrased relevant section.
165 days seems to not match the bill you linked to, it appears they get fined after 180 days from when the law is enacted. That means it's entirely possible the CCP never sell TikTok at all and just pay the fees.
and then there is this bit about the consequences for taking too long:
I thank you for providing this information for us, though, you've gone above and beyond and I thank you for that.
Out of curiosity, did you work out the math on thst fee?
$700 Bn it would be funny to see them set up a 30 year payment plan just to spite the USA.