Friday, April 26, 2024

 tictok will commit ritual hari kari should the law against them hold thru court proceedures;


Reuters reported on Thursday that TikTok owner ByteDance "would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the US."

The Wall Street Journal reported in March that a group of Zionist investors led by former Activision CEO Bobby Kotick and OpenAI's Sam Altman are scheming to buy TikTok once the sale is forced. CNBC also reported in March that former Treasury Secretary Steven Mnuchin, another diehard Zionist, is also organizing a team of investors to buy the site once it's banned.

From Reuters, "Exclusive: ByteDance prefers TikTok shutdown in US if legal options fail, sources say":

TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.

The algorithms TikTok relies on for its operations are deemed core to ByteDance's overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent.

TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst case scenario than sell it to a potential American buyer, they said.........more.........

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