Elon musk has mostly stock, not cash. He used up his credit buying Twitter.
Id ask a price that is well above what its worth. If you want to force someone to sell something you should be prepared to pay extra.
So they think Tiktok is beholden to China and may be secretly breaking the law by sending China user data. And they think that if its sold the new owner can be trusted not to do that. How does that make sense? If China and Tiktok are conspiring to steal user data now, then obviously Bytedance would just sell to someone loyal to china so it could continue. And you couldnt stop that because you would have no way of knowing where the new owners loyalties lie.
"Clauses iii/iv or part B cover that. They can’t prevent a sale, but the new owner would just get labeled as a “foreign adversary controlled application”." How would you know the buyer is a "foreign adversary controlled application"? There is no test that could tell that for sure, unless they are obvious about it. Its trivially easy to hide the loyalties of the new owner.
I mean they could easily sell it to a friend to China and you would still have no idea if that person or corp was passing information. How would you prevent it? Will you make the prospective buyer pinky swear? Take a patriot pledge? Or if its about propaganda will you monitor the posts and make them sell again if things are too much what you dont approve of?
This is more like your neighbor handing the remote to his friend and you trying to tell him he cant do that because you dont want his friend telling him what to watch.
Dont use buzzfeed as a citeable source. Thats like 3 levels worse than wikipedia.
Even if you can force a sale they could just sell to someone that is friendly to China.
If you buy out all your competitors till there is effectively no other choice that is by definition a monopoly. Not that having a monopoly is illegal, but you do expose yourself to increased regulation. And thats fair.
Never let an AI make a non-trivial decision. Before you commit to its result get a human to check it.
A bill of attainder is where you declare someone guilty by passing a law saying they are guilty. This is exactly that except they arent saying tiktok did anything, but instead that tiktok might do something illegal sometime in the future. Even worse than a bill of attainder. Writing laws to punish someone you dont like is very wrong.
"This, unfortunately, is for the legislative process" The legislature created the FTC to regulate business to prevent anti-competitive behavior. This is exactly in their domain. Just as they can break up pre-existing monopolies if the monopoly is abusive, they can also break anti-competitive contracts that are abusive.
Clearly congress delegated to the FTC the power to make rules and regulations to prevent anti-competitive behavior. And telling employees they may not switch to another employer who is offering more pay is anti competitive in the wage market. This is like telling a customer they may not buy from another vendor and if they do they are liable for damages. Anticompetitive and illegal.
I guess these people think we shouldnt let kids communicate with each other. Youre all grounded. No computers till youre 18. (21 in Az)
One of these days an officer will be shot dead while executing a no-knock and it will be no fault of the shooter.
I think the original license was to prevent bad pr if the author got the idea to get pushy at a bad time. His relatives dont have that leverage at this late date.
If you are allowed to ignore copyright and patent issues its not so difficult to reverse engineer/copy something that was already invented. Though 3 months is pushing it, I think they could do it in a year.
what good does that law even do?
If you arent going to pass a law forbidding the sales of data then whats to stop them from selling tiktok to someone willing to sell them the data?