this post was submitted on 15 Jan 2025
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Late Stage Capitalism

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[โ€“] lurch@sh.itjust.works 0 points 4 hours ago (1 children)

tiktok could have just started a US based company and sell US operations to them for $1. and of course they knew that.

[โ€“] Maggoty@lemmy.world 1 points 1 hour ago

That is not true. That would still be either a subsidiary or a sell off. In the first case it doesn't satisfy the law. In the second case it's a very extreme fire sale, more extreme than was actually expected.