There's gonna be protests and riots in America

Discussion in 'Bulletin Board' started by SuperTyke, Jan 17, 2025 at 7:55 PM.

  1. Sup

    SuperTyke Well-Known Member

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    Things that people forget is that tiktok is headquartered in America and Singapore with a Singaporean CEO. All US users' private data is held on servers within the US and they spent billions on project Texas which ensures no private data can leave the US. The GM of tiktok US Data security company is a former secret service special agent. So from a purely data point of view tiktok is as safe as any American app, probably moreso because of its intense scrutiny.

    So then we get to the idea of the Chinese state controlling what you see. Well as I said it's headquartered in los angeles and Singapore with a Singaporean CEO (who took over from an American CEO a few years ago) and has never been available in china. Its parent company, established in the Cayman Islands, around 60% owned by international investors including the US based Coatue Management, BlackRock and General Atlantic. In fact General Atlantic, Coatue Management and Susquehanna own so much of bytedance that until recently their CEO's American Bill Ford, Frenchman Phillipe Lafontt (educated at MIT) and American Arthur Dantchik make up 3 of its 5 man board of directors. With the remaining 2 being based in Singapore and Hong kong.
    20% of the company is employee owned around the world and the remaining 20% is owned by the companies founder.
    The Chinese authorities only own 1% of one of bytedances 4th level subsidiaries, involved in douyin the Chinese app. To put that into context of a family tree, tiktok us data security company and the company that is 1% Chinese state owned share a great great gandparent.

    With such great levels of autonomy separating tiktok operations in the US from the 1% state owned subsidiary of bytedance focused on the Chinese douyin app and with the largely American owned shares in bytedance, the international makeup of tiktoks board of directors, the involvement of US security specialists in tiktok and the agreement that US government agents have access to tiktok servers and code, plus the fact that anti Chinese material is so freely available on tiktok I think that there's as much chance of the CCP hijacking my Hisense TV and playing fake ads halfway through coronation street as there is via tiktok.

    Could be wrong like but I just feel there's absolutely sod all risk and it's nothing but xenophobia and a blatant lack of understanding that makes the senators believe it's a risk. Well that and the fact that dozens of senators who backed the ban all ran out and bought shares in it's rival, meta, before voting to ban tiktok.
     

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