this post was submitted on 08 Mar 2024
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It's really not though? The Chinese government has a 1% stake in ByteDance. Meanwhile ~60% is foreign investors – believed to be mostly American.
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.
That's literally the same thing the us government is doing here....
Ooooof, somebody licking the boot of capitalism a little too hard.
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.
Do you think that They could avoid doing something that the Chinese government tells them to do?
You mean like how US ISPs wiretapped the Internet for the NSA? https://en.m.wikipedia.org/wiki/PRISM
But really, how dare anyone but us do that.
Yes, why not let everyone do it if someone else is already doing it.