Defying Supreme Court & Congress, Trump leaps to TikTok's rescue, announces Chinese Communists can retain 50% ownership
- Thread starter Cypress
- Start date
Commies hate dem some outsiders.
Daylight63
Verified User
Why do you as.....wait. I keep forgetting that you aren't worth a response. So here's the usual shit you get instead:
Diogenes
Nemo me impune lacessit
Diogenes
Nemo me impune lacessit
The Chinese Communist Party (CCP) does not own 50% of TikTok.
TikTok is owned by ByteDance, a company incorporated in the Cayman Islands with a complex ownership structure.
ByteDance is not directly owned by the Chinese government; however, concerns have been raised about the influence the CCP might have over ByteDance's operations. It's noted that ByteDance has a CCP committee, and there are reports about the Chinese government having a "golden share" in one of ByteDance's subsidiaries, Beijing Douyin Information Service, which runs Douyin, the Chinese version of TikTok. This "golden share" is reported to be 1% of the company, not 50%. The majority of ByteDance is owned by global investors, with the rest split between founders and employees.
@Grok
TikTok is owned by ByteDance, a company incorporated in the Cayman Islands with a complex ownership structure.
ByteDance is not directly owned by the Chinese government; however, concerns have been raised about the influence the CCP might have over ByteDance's operations. It's noted that ByteDance has a CCP committee, and there are reports about the Chinese government having a "golden share" in one of ByteDance's subsidiaries, Beijing Douyin Information Service, which runs Douyin, the Chinese version of TikTok. This "golden share" is reported to be 1% of the company, not 50%. The majority of ByteDance is owned by global investors, with the rest split between founders and employees.
@Grok
christiefan915
Catalyst
That's why he did a 180-degree turn on TikTok. After gaining several million younger voters, he suddenly loved it. In fact, it wouldn't surprise me if this entire reversal was planned by trump and that TikTok was never going to disappear in the first place.
Diogenes
Nemo me impune lacessit
Ask Grok. I did.
Felonious Trump's executive orders concerning TikTok aimed to address national security concerns over its Chinese ownership rather than explicitly allow Chinese Communist ownership. Here's a breakdown based on the available information:
- Initial Actions: In 2020, Felonious Trump issued executive orders that would ban TikTok in the U.S. unless ByteDance, its Chinese parent company, divested from its U.S. operations within 45 days. This was part of an effort to mitigate risks associated with data collection and potential access by the Chinese government to that data.
- Divestiture Orders: Felonious Trump's executive orders specifically required ByteDance to divest its interest in TikTok's U.S. operations, not to permit or endorse continued Chinese Communist Party (CCP) control. One of these orders directed ByteDance to destroy all data obtained from U.S. TikTok users and inform the Committee on Foreign Investment in the United States (CFIUS) once this was done. This suggests an intent to sever ties with the Chinese ownership rather than allow it.
- Legal Challenges and Outcomes: These executive orders faced legal challenges, and they were blocked by courts. Consequently, the actions did not result in an immediate divestiture or ban.
- Later Developments: After Felonious Trump, Bungling Biden revoked these executive orders but ordered a review of TikTok and other apps. This indicates a shift in policy from immediate action to investigation, but the overarching concern remained about the influence of the Chinese government over TikTok.
- Recent Context: As of the latest updates, Felonious Trump (in the context of the provided date, January 20, 2025) has signaled intentions to issue new executive orders to extend the TikTok ban deadline, suggesting some form of continued U.S. oversight or ownership involvement rather than endorsing or allowing CCP ownership.
In summary, Felonious Trump's executive orders were designed to force ByteDance to divest from TikTok's U.S. operations due to national security concerns, not to permit or endorse Chinese Communist Party ownership of the app. The focus was on either forcing a sale to a U.S. entity or banning the app if such a divestiture did not occur.
@Grok
I doubt Trump worries about whether TikTok is a security threat. I'm sure he only cares if it has content that, on balance, tends to be favorable to him and his agenda.