this post was submitted on 15 Mar 2024
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Lol they literally just demand a non ccp country own it in the bill
I mean, it's a bit disingenuous to suggest this, it's more that the bill offers a win/win scenario for U.S. interests. Either ByteDance has to sell, likely to an American tech conglomerate or tech investment firm because they have the most money to offer, or the platform gets banned from U.S. eyes. The lawmakers don't really care which option gets selected, and U.S. based companies don't care because they're still allowed to advertise on TikTok irregardless. ByteDance clearly does care though, and has boosted their propoganda machine to try and stop this, so they might be in a situation where they cannot or will not sell.
I wouldn't consider divestment a foregone conclusion, a ban might even be likely.