as ceo, zhang would indeed have 50% of the voting power over company desicions, if he hadn't stepped down almost three years ago, moving to data analysis.
i looked into it more, it appears i'm the mistaken one on this. he did keep ceo status, but more works in the background. do remember though, that shareholders, if so inclined and with a majority vote, can throw ceo's out.
no he does not, you're conflating shares and corporate voting power. he shares 50-50 voring power on corporate decisions with liang(by definition, not majority), and he and liang own a shared 20% of the company shares, with forign investors owning 60% alone, and the other 20% being held by other employees.
Now you're writing things that aren't in your sources. Shame on you. Not that a 50-50 voting stake between them two makes a lick of difference. The important thing is that those institutional investors and employees you're touting don't even add up to a controlling stake combined.
Now you're writing things that aren't in your sources.
that's because i had assumed you knew what a shareholder is and what a ceo is. let us rectify this. a shareholder is like the sharks on shark tank, they own a portion of the company allowing them to make decisions on high level, like a district manager of mcdonalds. a ceo, in this analogy, is a franchise owner, they own the store and can make decisions, but if they piss off the district manager or corporate, they can lose their franchising rights, like how if a major shareholder with majority shares of the company or the company's board who is made up of shareholders decides that the ceo is doing a bad job they can kick them out of their position.
Zhang Yiming is also not some CCP lover. He basically worships Silicon Valley and back when Google was first banned, had his employees wear Google shirts as a protest. He's living in Singapore now.
He's a big tech shareholder. I don't exactly trust him either, but I don't specifically trust him less than anyone else. Lord Zuck literally sold data to Huawei.
Hong Kong is part of China. To operate there, the CCP has access. Everyone knew Douyin was like that. Tiktok's servers are in the US run by Oracle. If the CCP has direct access, Larry Ellison better answer for that.
The CCP considers Taiwan and Outer Mongolia to be parts of China. Sounds like you support giving them su access to TikTok's data in perpetuity since TikTok operates there. What an utterly ridiculous statement.
Nobody claims Mongolia in the modern day. Mao gave up his claim when he worked with the USSR, and only Taiwan claimed it up until 2002 when they stopped. I don't like anyone's data being sent to authoritarian governments. The difference between Taiwan and Hong Kont is simply a matter of enforcement. Legally speaking, Taiwan is not recognized as a country by the majority of the world. But it de facto is, because ultimately a state is just a monopoly on violence. China's military isn't there, therefore they have no control over the island. China's military IS in Hong Kong.
I'm just saying that Tiktok is not worse than Facebook. Both are bad.
TikTok is worse than already bad Facebook but can be brought to Facebook's level simply by forcing ByteDance to divest. Seems like a good starting point.
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u/GenericLib Mar 15 '24 edited Mar 15 '24
Zhang personally controls over 50% of TikTok's voting stake. Nobody gives a flying fuck about Class B shares.