The CCP only owns around 1 percent of ByteDance with majority ownership belonging to multinational investment groups (Carlyle, Susquehanna, etc); however the CCP regulates the sale of source code so it’d be hard to get approval.
The most important part is that ByteDance actually doesn’t make most of its money in the US so they’d rather shut down TikTok than let the Americans have their algorithm
If the CCCP refuses to divest, then thats their choice. The ban only goes into effect if they refuse.
The company hasnt sued the CCCP in China to make it sell its stake, I assume.
You realize that ‘CCCP’ is the Russian initialism for the USSR?
Dammit, lol
CCP****
I thought it was the Combined Community Codec Pack - cousin to K-Lite.
The CCP only owns around 1 percent of ByteDance with majority ownership belonging to multinational investment groups (Carlyle, Susquehanna, etc); however the CCP regulates the sale of source code so it’d be hard to get approval.
The most important part is that ByteDance actually doesn’t make most of its money in the US so they’d rather shut down TikTok than let the Americans have their algorithm
That sounds like extortion and coercion not some sound legal footing.