• kirklennon@kbin.social
    0·
    2 months ago

    TikTok’s daily active users in the U.S. is also just about 5% of ByteDance’s DAUs worldwide, said one of the sources.

    So much drama in the US over this but it’s apparently merely a money-losing afterthought for its owner.

  • BananaTrifleViolin@lemmy.worldEnglish
    0·
    2 months ago

    Makes sense from a business point of view. Why sell to create a new competitor with the same technology and an impregnable market base in the USA?

    Better to force US competition to start from scratch.

    • OldWoodFrame@lemm.eeEnglish
      0·
      2 months ago

      For money. Whoever buys it has to pay you for it. Shutting down just means leaving a gaping hole in American social media that some other company will fill and you’ll be in the same position but with less money.

      • FiniteBanjo@lemmy.todayEnglish
        0·
        2 months ago

        Yeah I agree, there really is no incentive for a for-profit company to choose shutting down over selling. Unless they never cared about profit and had ulterior motives from the very beginning.