• kirklennon
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    227 months ago

    This means absolutely nothing. How much of their advertising revenue comes from the US.

    To quote the article again, “The U.S. accounted for about 25% of TikTok overall revenues last year, said a separate source with direct knowledge.” Honestly, I think that makes the case for shutting it down even stronger. TikTok isn’t in some growth-at-all-costs phase in the US. It’s likely near its peak potential userbase. If they haven’t been able to make it profitable by now, that doesn’t bode well for it ever becoming significantly profitable. Absent the legal issues, they think it’s still worth at least trying, but as it stands, it’s just a lot of money in and, just as quickly, out, with nothing to show for it at the end of the day.

    • @firadin
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      107 months ago

      You’re assuming its a profit-focused endeavor rather than a propaganda arm of the Chinese government.

      • kirklennon
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        177 months ago

        I think it’s a privately-owned, profit-focused endeavor that is nevertheless beholden to the Chinese government and which the government wants to take as much advantage of as possible. Deep down, I’m certain that their sole goal is to make as much money for themselves as they possibly can. If they also need to exfiltrate some data and send it to the CCP, that’s just a necessary business expense.

        • @firadin
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          07 months ago

          Not US corporation good, just US corporation = US controlled. This isn’t a morality play, it’s a national security play.

      • @[email protected]
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        27 months ago

        If TikTok’s purpose is to spread Chinese propaganda, can’t they just find a US Citizen that can run the website for them?

        “Yeah, it’s my personal website where I exercise my 1st Amendment rights, also it has 100 million daily users and I happen to agree with China on a lot of things.” If a US Citizen were to say this, there would be nothing illegal about it I think?

        • @firadin
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          07 months ago

          Well China is refusing to divest, i.e. sell it to a US owner so clearly that’s not an option for them. If it was about the money they would have.

        • @[email protected]
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          07 months ago

          We are talking about the same country right? The US committed the fucking Tuskegee experiments, MK ultra, and more recently Gitmo as a whole. If some dumbfuck wants to be a Chinese puppet I wouldnt put it past the feds to off em, shame they commited suicide by shooting themself in the back of the head twelve times with a shotgun.

          • @[email protected]
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            7 months ago

            Okay, but I’m more interested in intra-legal reasons this couldn’t be done.

            I’m sure they could find 2, 3, or 3000 US Citizens who are willing to sell out to China, and then TikTok would be owned by US Citizens, but would still be doing what China wants.

            • @[email protected]
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              17 months ago

              I was moreso pointing out the obvious and quick solution. On a more legal situation, I suspect that said individual could be taken down as a foreign agent, most of the laws around that shit from the cold war are still on the books. The fact of the matter is youre are coming at this from the perspective that we dont have laws around what foreign agents are allowed to do, Americans can certainly be foreign agents just ask my 2x great grandfather who was snitching on the Bund who were almost all American born.

    • @[email protected]
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      57 months ago

      5% of customers driving 25% of revenue is a market you want to invest in.

      Amazon wasn’t profitable for how many years? It’s the exact same play. Take a loss to create something artificially desirable, strangle the competition and lock up your walled garden, then crank the prices.

      I’ve talked with merchants TikTok Shop recruited, TikTok was paying them a ton to sell there, eating their processing fees, their shipping costs, and paying for massive discounts to customers so they could juice their metrics.

      They’re starting to crank up their fees this spring and summer.

      Same with advertising, advertisers want to go to TikTok, but I’m sure most of the actual spend is happening outside the app on influencers. TikTok wants that pie too.

      Taking a loss means nothing in this context

    • @Snapz
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      07 months ago

      Also, hard to quantify how much of the popularity of tiktok is driven by US content globally, versus locally. You lose all that UGC is you cut out US