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03:12
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lennier1 |
Hadn't expected an executive order against Tencent. They have stakes in several game companies. I guess they have to divest or the companies can't engage in transactions with US corporations or persons? https://twitter.com/Hyunion/status/1291557660295299072 |
03:17
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OrIdow6^2 |
"Donald Trump on Thursday ordered an unspecified ban on 'transaction' with the Chinese owners of the consumer apps TikTok and WeChat, although it remains unclear if he has the legal authority to actually ban the apps from the U.S" |
03:17
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OrIdow6^2 |
"The twin executive orders β one for each app β take effect in 45 days. They call on the Commerce Secretary to define the banned transactions by that time. The ordersβ wording is vague, but leaves open the possibility that hosting the apps in the Apple and Google app stores could be covered by the ban." |
03:18
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OrIdow6^2 |
"Tencent also owns parts or all of major game companies like Epic Games, publisher of Fortnite, a major video game hit, and Riot Games, which is behind League of Legends." |
03:19
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OrIdow6^2 |
(Link from #archiveteam) |
03:20
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OrIdow6^2 |
Don't see what this has to do with Discord |
03:20
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lennier1 |
Tencent has also invested in Discord. |
03:20
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OrIdow6^2 |
How much? |
03:21
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lennier1 |
Apparently, an undisclosed amount. https://www.pcgamer.com/every-game-company-that-tencent-has-invested-in/ |
03:23
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OrIdow6^2 |
It looks to me like the reaction to this is somewhat overblown |
03:24
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OrIdow6^2 |
Perhaps caused by these being entertainment companies |
03:27
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lennier1 |
Honestly, I think it's been underblown at least in the sense of people assuming he can't actually do it. I've read a bit about the legal questions, and it seems Congress has delegated a lot of authority to the President when it comes to issues of national security involving foreign corporations. In this case, specifically the International Emergency Economics Powers Act. And even if we might consider the arguments |
03:27
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lennier1 |
unreasonable or specious, courts have been very hesitant to second guess such national security determinations. |
03:29
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OrIdow6^2 |
I mean "overblown" mostly in the sense of "Baidu owns 1% of McDonald's; McDonalds closing down next month!" |
03:30
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OrIdow6^2 |
Yes, Trump has the legal authority, or at least it should be assumed for the purposes of this channel that he does |
03:31
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lennier1 |
In the case of TikTok, their international operations are largely run out of the USA. Maybe they can find a buyer like Microsoft (though even then the administration would have to approve the sale). But otherwise, they'd have to relocate huge amounts of their infrastructure to continue operating, and then would be blocked in a huge market (sure a few people will use VPN, but most people aren't gonna do that). |
03:31
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lennier1 |
Yes, presumably Ubisoft will figure something out (though even then it may be a PITA for them). |
03:32
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lennier1 |
Any company that is smaller or in poor financial straits, less certain. |
03:33
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OrIdow6^2 |
TickTock has already been under discussion for a while |
03:34
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03:41
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OrIdow6^2 |
And IIRC Sep. 15 was the date for the Microsoft acquisition to get decided anyway |
03:43
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OrIdow6^2 |
And I'd think it wouldn't be up so much to the companies to "figure something out" as to their owners |
03:44
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OrIdow6^2 |
IIRC HP_Archiv works in "finance" in some capacity, maybe I'll ask when he gets on |
03:46
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OrIdow6^2 |
In any case, I'll repeat my point, that, so it seems to me, that these are entertainment companies has led to an overreaction |
03:47
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lennier1 |
Yeah, the TikTok stuff isn't new, though I'm not sure it's quite sunk in just how grave a risk this poses of destroying the site. Tencent totally caught be by surprise. |
03:49
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lennier1 |
Not sure if you've seen more overblown reaction than I have or we just place different value on entertainment. :) |
03:50
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OrIdow6^2 |
It looks like the MS acquisition can still go through (https://www.reuters.com/article/us-usa-wechat-trump/trump-imposes-u-s-ban-on-wechat-tiktok-in-45-days-idUSKCN25304R) |
03:50
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OrIdow6^2 |
Can, not will |
03:51
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OrIdow6^2 |
At least there is (or was) already an infrastructure for TikTok in the form of Tubeup |
03:52
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OrIdow6^2 |
So if necessary, AT can respond to that even on very short notice |
03:52
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lennier1 |
Yeah, I think the MS purchase is the most likely thing to save them. |
03:56
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lennier1 |
I'll also note that to some extent we can't know what the executive order means yet, because it's relatively short and calls on the Secretary of Commerce to develop the full rules and regulations. |
03:57
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OrIdow6^2 |
Yes |
03:57
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OrIdow6^2 |
I've been following this, mostly for TickTock, and it gives me the impression of a wave pool |
03:58
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OrIdow6^2 |
Something like 1.5 reversals a week on this |
03:59
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OrIdow6^2 |
(Though using a number like that makes me sound like I've actually figured it out) |
04:01
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OrIdow6^2 |
Talking more practically, it doesn't look like any of this, besides TikTock, is going to warrant anything more complex than an AB job |
04:01
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OrIdow6^2 |
Going off of that list |
04:03
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OrIdow6^2 |
Maybe some forums, presumably we'll find out |
05:17
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lennier1 |
Not a legal guarantee, but unnamed administration officials are currently saying the TenCent executive order only applies to WeChat. https://twitter.com/SamAugustDean/status/1291576813685108736 |
05:21
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lennier1 |
Though who knows what sort of trade war this could kick off. |
06:07
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11:22
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JAA |
Tencent also has stakes in Blizzard, Reddit, Snap (aka Snapchat), Tesla, and countless more. That's only US firms; they also have stakes in UMG and Spotify, for example. Way too much to proactively do anything about it, but it's worth keeping an eye on it. |
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Larsenv |
https://imgur.com/gallery/Qh04g3G |
18:03
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Larsenv |
did y'all see this? |
18:13
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JAA |
Yes, it was discussed last night in -bs on the superior IRC network. |
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godane |
latest scans and tapes: https://www.patreon.com/posts/digitize-scans-40216272 |
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