Awesome, do META next please!
this post was submitted on 27 Apr 2024
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But how does that help capitalists make more money by eliminating their competition?
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Even better
There will be a rush of US startups to replace it, and they will all be stage 1 enshittification, so they might actually be good for a while, like TikTok once was.
If they said or implied anything else, they would lose all leverage. The public couldn't care less about who owns tiktok, so they need people to think they'll lose it to have any public support.
Call their bluff
It's probably not a bluff. They've pretty much saturated the U.S. market; there's not much room left to grow here. It would make more sense to focus their efforts on growing in other regions where they have plenty of headroom to increase their userbase and monetization. Depending on how things play out, they could match their current revenue in a matter of years and still have room left to grow. There's also the potential to re-enter the U.S. market down the line. Why would they throw that all away and essentially create their own competitor by selling their core technology and diluting/confusing their brand with whatever U.S. company they sell to?
I'd think the fact they've saturated the US market is exactly why it'd be too valuable to give up. They'd lose a ton of revenue, tanking their valuation. They may be better off selling. From there they could prob just clone it and promote a competing service in those unclaimed markets using a portion of the extra sale price they get for maintaining (and selling a product with) US market dominance
They’ve pretty much saturated the U.S. market; there’s not much room left to grow here
That... doesn't make sense to me. So because there's no room to grow, they pull out of the U.S. and lose the likely ~$1 bil spent on digital stickers for live streamers?
they use the same algorithm across all of their companies so selling it would create a strong competitor and the chinese government is likely to block the sale anyways. tiktok revenue is a small slice of bytedance's income, so it makes sense to swallow the relatively small loss to keep their product intact when it's crystal clear that it's far superior to anything else atm.
The tiktok algorithm is good in the same sense that cocaine is good.
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US should call their bluff. If Tiktok gets banned, people will complain for a little bit until people forget and move on to what's next. Why doesn't an American company make something that's practically identical? People will be all desperate for their 5 second dopamine rush that they will download anything.
India did this and Instagram reels is the main one that benefited. Probably be the same for US if it pulls through on this.
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It's Vine time! What? Just... just bring it back. Call it "Kudzu" or some crap if Elon Musk owns the rights to Vine.
Could they please pull from Europe, too?
We tried that with facebook in the eu. Didn’t work
Me, an American, to my German cousin:
"So, yeah, I'm changing email addresses, here's my new one."
"Email? Are you using WhatsApp?"
"Er, no, how about text?"
"We all have WhatsApp."
"Okay, maybe Google Chat?"
"WhatsApp? WhatsApp."
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Google knew youtube shorts didn't stand a chance in a fair market.
If money wasn't the point, then influence was. Congress is right to shut them down.
Foreign owned, FARA-unregistered influence operations have never been a facet of "free speech" in the USA.
It's pretty weird that they'd admit it.
The smart move would have been to sell it and take the L, and use the new money to build the next thing.
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If the Chinese government is behind this, it's a great play. Having Joe Biden be "the guy who banned tik tok" would severely undermine his election chances.
14 year olds don't vote
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14 year olds aren't the only people who use Tik Tok
Lemmy really seems to generally think that TikTok isn't massively overall popular. Lemmy would have someone thinking it's a niche app only being used by teenagers.
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Awesome
Even better
Bye Felecia
Okay bye Felicia
Nice hope they won't budge.
Well, it's better than what could've happened. I'll accept this.
First, negotiations are not yet over, so they’re hoping courts overturn the ban.
Second, TikTok is very popular outside the US too, though 40% of ad revenue is in the US. They’d survive.
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