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“ByteDance, for its part, maintains that it is not actually subject to control by the Chinese government. The weight of the evidence suggests otherwise: The Chinese state owns a “golden share” in the company, the firm is based in China, and studies suggest that the government shapes TikTok content in accordance with party preferences. ByteDance has said it has no plans to sell TikTok; but that might merely be a means of driving up the price. What the company now has is a golden opportunity to prove its independence for once and for all: by selling TikTok and taking the money.”
29 Apr 2024
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