Back to episode — Episode 2412 CWSA 03/13/24
Context —
complete sense always. But that's a bad way to start an opinion. Let's see what else he says. So he says it's not true that the claim that the data can't be secured because the algorithm in China. Here's the truth he says. The truth is the algorithm runs in the US in Oracle Cloud where they're reviewing the code not China. So in other words Oracle is the only one that sees the algorithm that runs…
← Previous segment →here's also reports that Rumble was talking about either buying TikTok maybe with other people I don't know how they afford it or offering the new Rumble network. They got a cloud network that will compete with the other big clouds and so that they'd be willing to step up and be part of that. I don't think that's going to happen and I don't think that the ban is real.
Would you like to hear a good conspiracy theory? All right this is not based on any knowledge. It's just if you have a suspicious mind it looks like this. Here are things we know. There was a planned public offering of TikTok that the Chinese government said no to. So TikTok wanted to do an IPO and China said no. Well how's that possible? How's that possible when China doesn't even own them? How's that possible? I'm all confused Rand Paul. Rand Paul can you explain to me how China told them they can't have an IPO when they don't even own them? Don't they know that 60% is owned by other countries? Are they unaware that the president is from Singapore? God the things that we're being asked to believe it's just it's you can't even hold it in your mind it's so crazy.
So we know that TikTok tried to have a liquidity event meaning that would be the beginning of a process in which the biggest investors could get their money out if they wanted to after it went public. But now
Context —
that's not going to happen. Suppose and I don't know this to be true but suppose it looks like there's no time in the future you'll be able to get your money out. What's the point of investing if you can never get your money out? How does that work? Like getting your money out is really important to the whole investment process right? If you never can get your money it's not really an investment.…
Next segment → →