ST Alpha - "ByteDance selling is a pipedream. If this passes it'll be a ban -- (edited)" (Reading a Post)

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In response to "Theyre not trying to take it away, just out of Chinese hands. -- nm" by budice

ByteDance selling is a pipedream. If this passes it'll be a ban -- (edited)

Posted by decline (aka Decline) Mar 13 '24, 08:05

It's valued at $85 Billion right now (Twice what Musk paid for Twitter). ByteDance is going to want multiples of that to offset the loss they'll realize over time.

Finding a buyer for hundreds of billions of dollars in 6 months? Good luck.

Responses:

There was an arrangement with Oracle under Trump that got stalled, its not new. Not so much about dollars as data flow primarily. -- nm* - budice Mar 13, 08:09 2
- The sponsor of the bill said "The TikTok user experience can continue and improve so long as ByteDance doesn't own the company." -- nm - decline Mar 13, 08:21 1
  - Which is just politician rhetoric cause if it was literally true, ByteDance should just sell to another Chinese company -- nm - JD Mar 13, 08:23

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ByteDance selling is a pipedream. If this passes it'll be a ban -- (edited)

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