Nick Martell
👤 SpeakerAppearances Over Time
Podcast Appearances
Looks like he got left out.
Now, ironically, the biggest owner of TikTok US today.
Who is it, Jack?
Still ByteDance.
It's ByteDance from China.
Their 20% is bigger than all the other investors, and they get to keep one seat on the board of the company.
Basties, like we said at the top of the pod, in this case, M&A doesn't stand for mergers and acquisitions.
It stands for messy and ambiguous, especially because of our takeaway.
T-Boy VC got left out of the deal too.
So Jack, what's the takeaway for our buddies over at American TikTok?
Remember that Burger King catchphrase, where's the beef?
Well, for the TikTok sale, where's the algorithm?
Yetis.
This sale of TikTok US to prevent TikTok getting banned, it may follow the text of the law, but not the spirit of the law.
Because the most important part of TikTok is not being sold at all.
The algorithm.
The algorithm.
That remains in Beijing.
Now, reminder why China owning TikTok was a problem in the first place?
It's because of