[nirui]

I recently learned from a The Verge podcast that the U.S. has law in place to limit how many shares can be owned by a foreign shareholders if the company is a news/media company (??? Alert: I'm not so sure about the detail). Which is in fact a fairly common idea among the nations:

    > U.K. Moves to Bar Foreign State Ownership of Newspapers, a Blow to Telegraph Bid
    > https://www.nytimes.com/2024/03/13/business/media/jeff-zucker-telegraph-delay.html

    as well as:

    > https://politics.stackexchange.com/a/68072

I guess it's too bad that the industry are calling this kind of service "Social Media".

(Of course, you might be thinking "Oh, social media is not newspaper or broadcast station"... well, the interpretation of law can be a spectrum sometimes. Also, now days people are reading (algorithmically recommended) news on those platforms instead of buying newspaper/radio)

It's quite funny. As a Chinese myself, I'm actually a little sympathetic towards TikTok in that IF they can survive outside the Communist Party umbrella, it will show the rest of Chinese entrepreneurs that pledging to the party is not essential. But, I guess apparently these entrepreneur needs to pick the right industry first.