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Senate passes TikTok ban bill, sending it to Biden, who has already committed to signing it
(www.theverge.com)
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It's not just about data hoarding, though. It's also about a social media company having considerable influence over the messaging seen by a very large part of the voting population.
Yes, it's no different to other social media companies, but with one exception: the company in question is subject to the whims of the Chinese government. Something the US government is clearly fearful of.
The domestic social media companies are at the whims of the billionaire class which I would argue is just as bad for voter influence. Neither side wants you to vote in your best interest.
Yep, agreed, but at least the government of the day can try and reign them in with legislation and regulation. Not saying they are (or will), but they'd have the option, if they had the balls to do it.