This is such a bad idea for the banks. ByteDance has plenty of money. This is a ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		im-poor on Sept 8, 2021 \| parent \| context \| favorite \| on: ByteDance in talks with banks to borrow over $3B This is such a bad idea for the banks. ByteDance has plenty of money. This is a political move to create domestic impact if the U.S. ever wants to ban TikTok again, which almost happened under Trump.

varsketiz on Sept 8, 2021 [–]

Not sure why this is being downvoted?

It makes sense to me that ByteDance wants non-China banks to have skin in the game and share the risk that way.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact