• Maggoty@lemmy.world
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    8 months ago

    If the government can just point at a company and force a fire sale then there is no market, there is no order, there is no financial industry. This is an incredibly dangerous law.

    • jumjummy@lemmy.world
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      8 months ago

      The alternative is to outright ban it. Tik Tok is a cancer directly controlled by a hostile nation state. The government absolutely has the right to block foreign interference like this.

      • Maggoty@lemmy.world
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        8 months ago

        Pray tell how is this any worse than Facebook? Is the CCP in the Los Angeles TikTok office moderating content?

        Or is this just more bullshit invented on the spot to justify an unconstitutional power grab?

        • Lynthe@sh.itjust.works
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          8 months ago

          Facebook isn’t under an obligation to provide America’s data directly to the government of a hostile foreign power. Tiktok is

              • Maggoty@lemmy.world
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                8 months ago

                Bytedance owning a stake in TikTok does not mean they can require TikTok to share data. Especially if we made a common sense law to protect data saying it’s not allowed to leave the country.

                Oh wait, that’s already a thing. And we just let Meta and the other data vendors keep doing it.

                  • Maggoty@lemmy.world
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                    8 months ago

                    Did… Did you actually read it? They sent user data for app engagement research. Oh no the CCP knows you’re a middle aged white guy in Oklahoma! The world is going to end!!!

                    And if we’re going to ban any data going to the CCP then we should just do that. It’s not whataboutism to point out you’re only punishing the odd duck for a crime all of the ducks are committing openly. Make that law and reform the industry. Anything less is just a racist excuse for a fire sale.