""new US company will be valued at around $14 billion," a price tag "far below some analyst estimates,""
""Trump's proposed TikTok deal lacked clarity on who is in control of the algorithm, leaving the national security concerns wide open,""
"risk "turning over" TikTok "to the allies of a President who seems to have no respect for the First Amendment.""
""The arrangement creates uncertainty about what influence or oversight the US government might require over this separate algorithm that could raise potential First Amendment concerns regarding government influence over a private actor,""
China appeared to have little incentive to follow through with the deal. ByteDance denied reports as recently as July that it agreed to sell TikTok to the US. Vice President JD Vance confirmed the new US company will be valued around $14 billion, a price far below some analyst estimates and potentially frustrating ByteDance. Questions remain about what concessions may have been made to secure Xi's sign-off. Compliance with the Protecting Americans from Foreign Adversary Controlled Applications Act is unclear and numerous details must be fleshed out. Critics say the deal lacks clarity on algorithm control and raises national security and First Amendment concerns, and some warn billionaire involvement could give unprecedented influence over US media content.
Read at Ars Technica
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