this post was submitted on 30 Jun 2024
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I don't know why Amazon hasn't bought TikTok yet.
Lots of data, access to the Chinese market, a social media app under their wing, and an aligned work culture. Alongside the gains for ads, moving their shit to AWS, and retail gains, it seems like a better idea than throwing money into the AI fire.
Because its not for sale
Wouldn't be surprised if there was an exceptionally well funded US startup that makes a debut before TikTok is blocked if they don't sell. TikTok has to weigh the possibility that they can't compete if they don't exist.
I doubt it. USA is just one one country, although large. Tik Tok will do fine without it.
Everything is for sale when you are a $1T+ company. That's why Amazon has the likes of Blink, Ring, Alexa, Anthropic, etc.
Not when there are national politics involved
That's...exactly why you would get involved?
TikTok might lose out on revenue. Why not sell your US arm for lots of money?
This is literally one of the most widely talked-about options regarding the ban of TikTok...
They refused to entertain offers. 1T dollars seems mighty, but TikTok is a multi-year if not multi-decade data collection hub. That data is on the youth of America and their trajectories.
That’s priceless to the power hungry. It’s not just money, it’s control.
that's why their banning it; they can't control it in the way they want