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ByteDance would rather shut down tiktok than sell it
(hexbear.net)
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this post was submitted on 25 Apr 2024
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Thing is, it's only the US that would be threatening to ban it. And if they sell, this FreedumbTok would be available in most other countries. It would create a world-class competitor overnight, exactly equivalent to their product, that would also have a gigantic competitive advantage- access to US consumers and businesses. FreedumbTok would likely eat away at TikTok in the rest of the world. They won't sell
TikTok in the US is already separate than TikTok globally. Right now ByteDance(Singapore) owns USDS(US) that controls all domestic operations & data storage.