Click above for the video |
I’m of the Chamath bent. His points resonate, with me, at least. Especially the one on Reciprocity.
Sachs makes a good point about potential dangers in the draft legislation. He thinks it’s too loosely worded and could be used to go after other companies the government decided it didn’t like. For example, they could to after Elon Musk’s X, based on that fact that Musk has business in China, which could be read to be that he’s “under the direction of China”.
That’s certainly a concern.
Given what’s happened to Trump under Letitia James and the absurd half a billion bond he’s been forced to put up, one can’t rule anything out. Therefore I’d be in favour of the moves to divest or ban Tik Tok, but cleaning up the wording of the Bill. That might happen in the Senate.