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US lawmakers vote 50-0 to force sale of TikTok despite angry calls from users (arstechnica.com)

submitted 10 months ago by [email protected] to c/technology

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[–] Knock_Knock_Lemmy_In 33 points 10 months ago (2 children)

Is it a private business if it's owned by the Chinese government?

[–] [email protected] 7 points 10 months ago (3 children)

It's really not though? The Chinese government has a 1% stake in ByteDance. Meanwhile ~60% is foreign investors – believed to be mostly American.

[–] nialv7 9 points 10 months ago (2 children)

You have a misunderstanding of how China's government operates. It does not matter how much stake the government holds, companies just cannot say no to the government's request. Otherwise you will be disappeared. See Alibaba for example.

Remember, China does not have a democracy.

[–] [email protected] -5 points 10 months ago

That's literally the same thing the us government is doing here....

[–] Knock_Knock_Lemmy_In 8 points 10 months ago

Then it should be easy to buy out that 1% stake.

I'm not saying it's a good bill, but reducing interference by foreign governments in US sold products is not against any party's philosophies.

[–] [email protected] 1 points 10 months ago

No. It's a malicious foreign entity.