6,269 karma · joined August 27, 2020
The likely outcome is that TikTok will stop operating in the US and continue in Europe and other places plus Douyin will continue in China.
https://www.ecfr.gov/current/title-15/subtitle-A/part-7/subp...
Basically all tech is clean and ok if comes from the good guys (the US and allies) and unclean if it comes from the bad guys (China, Russia ...).
IMHO a sad state of affairs. We would be at a healthier and less hypocritical place if our tech was secure by design, and suppliers and platforms were subject to open objective criteria and rule of law wrt. censorship and surveillance.
Would it be ok with this law if they brought down the 40% to 20% by an IPO in Singapore or the UK?
I am not sure that is going to cut it for Apple.
I think the traditional standalone accounting software will be a thing of the past here after the implementation of the new accounting law.
Also cloud based accounting systems are probably easier to make money on.