re: Dumbasses in House pass Trojan Horse TikTok ban

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If true what is wrong with an American company buying it?

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Technically nothing, however whomever buys it will inevitably wind up doing what the other major social media platforms were doing and censoring certain political groups, opinions, etc... at the request of the US federal government.

TikTok as it stands now allows more free speech than it will if it's forced to sell to an American buyer who will wind up on the take with the US govt, in my opinion.