
The $14 billion deal is being called a “fire sale” by some observers who point out that Elon Musk paid triple that for Twitter in 2022. This highly suggests that this transaction is more about geopolitics and ideology rather than a financial gain for investors. Aside from its more than 1.5 billion regular users world-wide, TikTok has now become where 30% of Americans get their news. Now, not only will American companies like Oracle, which has numerous government tech contracts spanning defense, intelligence, and civilian agencies, have access to TikTok’s user data, it will also have control of the algorithms that manage the kind of news, the messaging and images, that all of those users see.
“This was not a fair-market transaction,” said Milton Mueller, a professor at Georgia Tech specializing in digital governance, in Newsweek. “It’s a politically determined restructuring.” Some might say, with the constellation of GOP and MAGA supporters in the reported investor mix, this has the makings of a new Trump-friendly megaphone. But it is so much more. In essence, like Safra Catz says, the big “winners” will be in Israel.
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Via https://responsiblestatecraft.org/tiktok-larry-ellison-israel/
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