If this is the case, I guess it makes sense why these bad, seemingly “money-losing” changes aren’t going to be felt by the company or CEO. Soon as they go public, the elite that pushed these changes will buy up the amount they promised, spez will take his payout, and they will have “union-busted” another prominent social media platform used for progressive ideas and discussion.
Well, TikTok has China, who would love nothing more than to destabilize the US further to increase their global power. Had it not been for COVID, they only needed to wait since tRump was doing his best to help them out. I suspect this is why it’s only TikTok they want to ban anymore; it’s the only social media platform they can’t directly control.
This has been happening to reddit over the last decade and was only accelerated when reddit was used to facilitate a short squeeze on the market and caused a bunch of “market makers” to lose a lot of money. They couldn’t control reddit back then, but they sure can once it’s public and they fulfill their fiduciary promises to reddit.