ProfD Posted 12 hours ago Report Posted 12 hours ago https://www.businessinsider.com/who-could-take-over-tiktok-us-business-investors-oracle-ellison-2025-9 The current administration facilitated the $14 billion dollar sale of TikTok to a group of investors including Oracle and billionaires Rupert Murdoch and Michael Dell among others. Oracle, owned by billionaire Larry Ellison will own a huge stake in TikTok. He also just bought Paramount. That means he has control over them. The best way to control information and content is to own it. Instead of starting a network or social media company or app, just buy one of the most popular existing companies. It would be awesome if Black folks could have made such power moves.
Pioneer1 Posted 1 hour ago Report Posted 1 hour ago I thought TikTok was supposedly owned by China? Where did all of this talk about TikTok being a source of Chinese propaganda come from that these Republicans were crying about a little while back? Although we do need to own our own social media platforms, I don't think we should ignore the grass while focusing on the flowers. We need to make sure we own national television stations, radios, and news papers! Social media is a good way to reach SOME people, but a lot of people....older and a surprising number of younger people....still love to sit back on the couch and relax and WATCH television or LISTEN to the radio. The Civil Rights and Black Power Movements were carried largely by Black owned news papers and radio stations and later on in the 70s and 80s we started buying television stations. We should have kept them.
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