How does the ability to force a sale of a company and take a slice of the sales price rate as a risk along side the concerns about socialism? Here's one analyst's view of the Tik Tok situation:
" You must sell your company to a competitor or we will close you down. Oh, and we will take a cut of the value of this enforced sale.
This has the hallmarks of a small corrupt government operating in some poorly developed country. Instead this is coercive action by the president of the United States using an executive order that bypasses the need for Congressional approval.
President Trump said TikTok will "close down" in the U.S. on September 15 unless a deal can be negotiated between TikTok, an appropriate company and the U.S. government.
But there is more danger in this, and it reflects a concerning moral vacuum.
Trump said: "I did say that if you buy it, whatever the price is that goes to whoever owns it, because I guess it's China essentially, I said a very substantial portion of that price is going to have to come into the Treasury of the United States because we're making it possible for this deal to happen."
This is more commonly described as a kickback and throws into serious question the moral and legal leadership of the United States. The world has become accustomed to President Trump's sabotaging of the global rules-based order with his destruction of the WTO, his unilateral rejection of UN-agreed arms treaties and arms control agreements, among other things.
But this takes things to a new level and poses a threat, not just to China, but to any company that dares challenge the U.S. competitors. This is nothing less than state-sponsored property theft built on charges that are trumped up (no pun intended). TikTok, like Huawei, poses a major competitive threat to business that American companies have missed out on."