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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsChina Just Called Trump's Bluff on TikTok
(Bloomberg via Msn) Imagine a bidder wanting to buy KFC, but being told the deal might not include the Colonels 11 secret herbs and spices. Thats effectively what Beijing has told the list of U.S. companies keen to purchase short-video app TikTok: The key ingredients may be out of reach.
At first it looked like the Trump administration had it all figured out.
ByteDance Inc., it decided, was a risk to national security and the Chinese companys main product for international markets had to be sold. For reasons that remain confounding, Satya Nadella entered the fray and Microsoft Corp. put in a bid. Soon, suitors were apparently lining up to buy the hip new product that claims 100 million U.S. downloads. A short deadline Sept. 15 helped build a sense of urgency. TikTok is essentially going through a forced sale.
Then Beijing stepped in. Chinas Commerce Ministry added new items to its list of export controls late Friday. Now, artificial intelligence interface technologies such as speech and text recognition, as well as methods to analyze data and make personalized content recommendations, are matters of national security.
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This move puts the ball back in Donald Trumps court. The U.S. president may need to contend with the real possibility that TikTok doesnt find a buyer, and hell have to decide whether one of the nations most popular products should be removed from the app store of its most valuable company. Trump may think that strong-arming China will boost his re-election chances, but being outplayed could backfire. Its also possible that if TikTok ends up being banned altogether, there will be a backlash by the apps fans.
Read More: https://www.msn.com/en-us/money/other/china-just-called-trump-s-bluff-on-tiktok/ar-BB18x0Ze?li=BBorjTa
Thekaspervote
(34,339 posts)Tictok users if you are listening...plan some big FU for dotard. Kinda like you having scooped up all those Tulsa rally tickets
Well be watching for your extravaganza with baited breath!
Sogo
(5,695 posts)StrictlyRockers
(3,892 posts)He can play checkers all he wants, the rest of the world will outmaneuver him. They know he's a neophyte to politics. He's the deal maker who always gets bad deals.
roamer65
(36,959 posts)Captain Zero
(7,401 posts)Ain't nobody on tic toc like Donald Trump anyway. But if they get kicked off guess they would be more likely to go get involved in the election in ways other than and beyond just voting??