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ByteDance won't sell TikTok, would rather pull it from the US
(www.androidauthority.com)
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this post was submitted on 27 Apr 2024
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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.
Money is still the point. There's an entire world outside the US.
I mean, not on the surface. But lobby groups working for foreign governments operate in Washington to this day, and they’re ignored because Congress doesn’t want to shut the money tap off.
They'd lose money in a sale as they'd lose their IP.