Reuters: BREAKING: Reuters reports that TikTok’s owner ByteDance would prefer to ‘shut down’ its app in the US rather than sell it if all legal options are exhausted
Eigenrobot: Why would you say this?
It’s odd that a profit maximizing firm would actually pursue this strategy.
I’d like to mention the explanation that ByteDance does not consider US dollars to have enough value. Given that China can’t use them to lobby cancelling sanctions, for instance, that does mean that US dollars aren’t equivalent to unspecialized optimization power for them, and might have little value.
I’d like to mention the explanation that ByteDance does not consider US dollars to have enough value. Given that China can’t use them to lobby cancelling sanctions, for instance, that does mean that US dollars aren’t equivalent to unspecialized optimization power for them, and might have little value.
If a business doesn’t value money because it can’t convert money into political power for the CCP, that would in fact be somewhat disturbing.