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This is deep in my long thread, but let me make this dead clear: Banning TikTok and then oddly enough not allowing a decent solution like an IPO here in the US or being bought by a US company is a THANK YOU gift to Mark Zuckerberg from Donald Trump. Or should I say Spasibo? 🇷🇺
In the interests of competition that lifts us all, Facebook should immediately decry this weird move to disallow a reasonable solution that will allow TikTok to continue to operate safely and securely. But a company that landgrabs and neutralizes probably likes unfair advantage.
Crazy me for wanting capitalism to solve this important issue and assuage users that the Chinese government is not spying on us. What do you think @stevenmnuchin1? Do you like capitalism or is bizarre destruction of value your preference? Is the fix in?
Also @stevenmnuchin1 I thought you wanted to get companies back in the US from China. Here’s your chance.
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Kara Swisher
@karaswisher
Let’s be clear, just because he says he can do something does not mean he can. And he also cannot decree by fiat whether a US company can or cannot buy something. There is a process here and last time I looked this dude was not a king and this is not like his reality show.
This is a massively dopey distraction. As people are dying in record numbers due to his incompetence, he decides to try to stop the Chinese from collecting info on @sarahcpr and her popularity
That said, there’s a lot of irrational damage Trump can do here since this is hard to litigate & he can throw a lot of crazy law at it related to foreign companies. That said, there’re also those involved who would support a US IPO or sale to a US company. A giant mess as usual.
Read 7 tweets
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Kara Swisher
@karaswisher
Two things most important from the hearing were 1. Zuckerberg emails that say what we all knew: They buy or bury rivals by copying and there are the emails saying so. Neutralize and land grab are not the words of innovators.
And when Bezos said, because he correctly surmised he had to: “What I can tell you is we have a policy against using seller-specific data to aid our private label business. But I can’t guarantee you that policy has never been violated.”
You can’t steamroll over startups unfettered and cannot be the market maker and sell fairly into that market. Power does corrupts and absolute power? It destroys is what it actually does and cannot help itself from doing that because that is what it must do.
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Kara Swisher
@karaswisher
I have to say, more people should be like this guy: Christian Cooper: Why I have chosen not to aid the investigation of Amy Cooper washingtonpost.com/opinions/chris…
I’ve said all along that I think it’s a mistake to focus on this one individual. The important thing the incident highlights is the long-standing, deep-seated racial bias against us black and brown folk that permeates the United States — bias that can bring horrific consequences
Focusing on charging Amy Cooper lets white people off the hook from all that. They can scream for her head while leaving their own prejudices unexamined.
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