Four years ago, Mark Zuckerberg failed to buy the Chinese company that became the basis of TikTok. Now he's demonizing it to make the case against regulating Facebook.
Lasso had been downloaded 70,000 times since its launch, compared to nearly 40 million US downloads of TikTok in the same time period. When combined with its Chinese sister company, Douyin, TikTok had 680 million monthly active users as of February, according to internal documents uncovered by eMarketer, and it’s flittered in and out of the No. 1 spot among popular free apps in Apple’s App Store in November. Meanwhile, Lasso hasn’t even cracked the top 200.
“For a while, the internet landscape was kind of a bunch of internet companies that were primarily American companies, and then there was this parallel universe of Chinese companies that pretty much only were offering their services in China,” Zuckerberg said to his employees in leaked audio from July meeting. “TikTok ... is really the first consumer internet product built by one of the Chinese tech giants that is doing quite well around the world.
Facebook Chief Operating Officer Sheryl Sandberg testifies in September 2018 during a Senate Intelligence Committee hearing concerning how nefarious foreign actors use social media platforms.In September 2018, Facebook Chief Operating Officer Sheryl Sandberg publicly signaled that the company was backing away from China. Appearing in front of the Senate Intelligence Committee, Facebook’s number two executive said the company would only operate in countries that respected its values.
Thus far, that argument has had varying degrees of success on Capitol Hill. Rhode Island Rep. David Cicilline, the chair of the House Judiciary Antitrust Subcommittee, called Facebook’s us-versus-them argument “exactly why competition matters.” “Americans should not have to choose between a dominant American firm with a horrible track record on privacy and a Chinese company that reportedly censors speech to advance China’s policy goals.”
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