ByteDance will get up to a year to divest TikTok or face a ban.
  • jarfil@beehaw.org
    1·
    8 months ago

    the overwhelming majority of investment and control in TikTok

    Let me stop you right there. The idea of “investment == control” is a capitalist fantasy, not a real-world thing.

    Real world is:

    • Preferred shares
    • Veto power
    • 99% worker owned (represented by the CCP) with 1% capitalist investor owned

    …and other variations on who gets the control.