ByteDance

“I thought of this because the reason the world knows that actually the Chinese government owns ByteDance is because Of some of the great reporting of my colleagues in Asia that actually broke the news of not just this idea that Chinese companies are controlled…”

“Day 623 of the U.S. Letting a huge national security threat sit inside our borders, which is insane, right? Like, it's like ridiculous that TikTok is allowed to be in the U.S. Given its current control structure. And kind of the geopolitical situation.”

“And I noticed a few weeks ago that they've also now moved the TikTok feed into CapCut.”

“So, in the third quarter of last year, revenue grew 43% to thirty-one billion dollars.”

“One of the things that's interesting now is actually a lot of the investors in ByteDance and TikTok are actually staying pretty silent on the lobbying front, which is a huge shift from a year or two years ago.”

“I think largely the Chinese government, what is missed is, like, ByteDance isn't some shining national champion they're trying to win, they hope, win at all costs. They actually see it as sucking time and talent away from more urgent national priorities, and t…”

“They won't let them. It will be in violation of their rules against exporting algorithms.”

“Oh, they're pretty smart guys. They know exactly what's up. They, they're trading between what is obviously true to any American versus their enormous financial incentive, and empathy is a great word for that.”

“That's also because these guys are capital allocators. And not builders of social networks. They've never built social networks, and then they don't know what is possible in terms of influence.”

“So what's gonna happen after Biden signs this is ByteDance or TikTok is gonna sue to block it on the grounds that it's infringing on the First Amendment.”

“We cannot export Digital into China at all, right? Like our bits do not flow through their firewall. Like, you know, most of our companies cannot operate there and the inverse is not true, right? Like you bite dance, you name it. Like all of the Chinese compan…”

“My prediction is that whatever ends up transacting here is going to look like a services company. It's going to have the data. Maybe it'll have a little bit of revenue ops or eng, but I think this is the needle that now everyone's trying to thread.”

“And I mean, in China, you've got Huge deployments on ByteDance and let's see ByteDance, Baidu, Alibaba, they all have forks. They've all, they're all deploying at large scale.”