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submitted 1 month ago by [email protected] to c/[email protected]
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[-] [email protected] 11 points 1 month ago* (last edited 1 month ago)

Exactly, this asset is worth nothing to the CPP if sold.

TikTok is worth approximately nothing to the CPC either way. It’s not like the Chinese state is hurting for money. They have a surplus of US dollars that they’re busy unloading, and they have fiat monetary sovereignty of their own currency. The app is banned in China, so nobody there is going to miss it. Who is invested in ByteDance that might care? American private equity: ByteDance’s US investors weigh options as bill to ban TikTok advances

[-] [email protected] 1 points 1 month ago

Here is an alternative Piped link(s):

fiat monetary sovereignty of their own currency

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

[-] [email protected] -4 points 1 month ago* (last edited 1 month ago)

I think j was talking about spying

(From today on, I aim to not say the fifthglyph for all days to promote [email protected])

[-] [email protected] 9 points 1 month ago

The national security angle is a farce because ByteDance was already forced to move their service to the US on an American-owned hosting provider, and they have already put people with a history of aligning with “American interests” into executive positions, like CEO Shou Zi Chew and vice president Michael Beckerman, and American oligarchs are invested in it. I think the US “intelligence community” already has everything it needs to monitor and control TikTok.

[-] [email protected] 1 points 1 month ago

I never understood what it would help to have the data on a US server. It's not that difficult to access it there from China. I access my server in Germany via SSH from Korea.

[-] [email protected] 7 points 1 month ago

Because American hosting providers like Oracle are constituent parts of the military-intelligence-industrial complex, as are American ISPs.

[-] [email protected] 6 points 1 month ago

What can ByteDance access that China couldn't just buy from Alphabet or Meta or some other tech company?

[-] [email protected] -3 points 1 month ago
[-] [email protected] 7 points 1 month ago* (last edited 1 month ago)

Uh huh, and do you think Alphabet and Meta don't do that? Do you think if China offered to buy that data they wouldn't be able to get it? Grow up.

My point is that we should be taking internet privacy seriously, not just going after foreign companies.

It's not okay when the spies are American. Until I see serious action taken against the worst offenders I'll know this is all theater.

[-] [email protected] -3 points 1 month ago* (last edited 1 month ago)

I feel like the US would ban selling vital data to big enemies, and getting info from ByteDance is free.

[-] [email protected] 6 points 1 month ago

The US doesn't ban selling data, though. China can buy whatever it wants just as easily as harvesting it from ByteDance.

And I'd hardly call running an entire social media enterprise "free". If it's a torjan horse, it's an entirely unnecessary one.

[-] [email protected] -3 points 1 month ago* (last edited 1 month ago)

Internet coverage of that topic is surprisingly limited for what seems to be an easily-thought-of national security risk...

ByteDance's capitalist entrepreneurs run the enterprise for them, and they can extort data out, yes, for free.

[-] [email protected] 3 points 1 month ago

Running a company isn't free lol

[-] [email protected] -2 points 1 month ago* (last edited 1 month ago)

Again, China does not run the company, they just own the leash on the private entrepreneurs who do. That's one of Deng's benefits for implementing capitalism. (mildlyinteresting: the word capitalism isn't capitalized)

[-] [email protected] 3 points 1 month ago* (last edited 1 month ago)

China has a massive stake in the company. It's a huge investment for them. Hardly "free"

[-] [email protected] -2 points 1 month ago* (last edited 1 month ago)

It's a one-time fee that also earns money back compared to the continuous payments to buy from other sources.

[-] [email protected] 3 points 1 month ago* (last edited 1 month ago)

Assuming China doesn't have to spend literally any other money, even though countries are constantly investing in infrastructure and security and material to assist the business.

But also, literally not free. My point stands.

[-] [email protected] 0 points 1 month ago* (last edited 1 month ago)

You won't just stop the maintenance if TikTok didn't exist. It's not like all China cares about is data.

Your question was "why would China get data from TikTok when they can just buy it from Meta". If China didn't get the data from ByteDance, ByteDance still incurs the maintenance fee. So no, that is not the expense of getting the data.

[-] [email protected] -3 points 1 month ago

After a ton of alternating search queries, apparently both of these avenues are being used, and Biden announced working on such a ban in late February.

[-] [email protected] 7 points 1 month ago

The executive order is specifically targeting data brokerage, a practice that is shockingly unregulated. There is no federal law that oversees the collection of and sale of the most intimate details of our lives. And when data is sold to countries of concern, it can become a national security issue.

It's good the bare minimum is being implemented.... though it's weird how two months have passed without updates.

I must point out that this only concerns data being sold to Russia or China, ie, it's just security theater. I would like to see some restrictions on data being sold to anyone, including so-called US allies. Israel, in particular, collects data on American Palestinians who contact family back in Palestine and uses this to feed its AI that generates kill lists.

[-] [email protected] 0 points 1 month ago

"but job loss!1!"

[-] [email protected] -3 points 1 month ago

China can't buy data from US companies. That's illegal. 🤦‍♂️🤦‍♂️🤦‍♂️

[-] [email protected] 3 points 1 month ago

Not yet. There was an executive order to ban selling data to "enemies" that would include China but it hasn't been implemented.

Also I'm highly skeptical it'll work. China can just work through proxies and not buy directly.

this post was submitted on 25 Apr 2024
71 points (94.9% liked)

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