• @[email protected]
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    1657 months ago

    I wonder how many of these lawmakers will be invested in the company that swoops in and saves the American public?

      • @[email protected]
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        267 months ago

        If she’s investing at the same time you’re getting the information, she missed the best time to buy. She might have hedged her bets and bought early

          • @[email protected]
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            7 months ago

            That’s not true. It’s still illegal even though they get away with it. You’re thinking of bribery lobbying.

            According to the STOCK Act of 2012, they could be brought up on charges for a trade performed after gaining knowledge of a pending change in legislation that would affect the value of a stock, prior to the legislation being publicly enacted. The SEC just hasn’t charged them.

            What they do is not legal, they just live above the law.

            • @[email protected]
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              117 months ago

              Just to clarify. Insider trading is illegal but it is not illegal for politicians in Congress to use the information they obtain from their jobs (such as through classified meetings) to engage in stock market trades.

              • @[email protected]
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                7 months ago

                It’s not a failure of the law. It’s a failure of the SEC for not enforcing it.

                MYTH: Members of Congress are exempt from insider trading laws.

                FACT: Both a Congressional Research Service Report and House Administration Committee memo indicates that Members of Congress are subject to the same insider trading rules as the general public.

                https://perry.house.gov/how-can-scott-help/myths-about-congress.htm#:~:text=FACT%3A Both a Congressional Research

              • @[email protected]
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                7 months ago

                That’s simply not true. They have no exemption to insider trading laws. It simply comes down to trade timing.

                The way the law is written, they could be brought up on charges for a trade performed after gaining knowledge of a pending change in legislation that would affect the value of a stock prior to the legislation being publicly enacted. The SEC just hasn’t charged them.

                What they do is not legal, they just live above the law.

          • @[email protected]
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            57 months ago

            Fun fact: Everyone with hundreds of millions+ in holdings either trades with insider information or pays others to do it, because our metrics and enforcement for insider trading are a gallows joke.

      • TigrisMorte
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        117 months ago

        Well, as it is what her husband did for a living his entire very successful life, but sure the Lady you don’t like is wrong for him doing his job well.

        • @[email protected]
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          97 months ago

          A. Her husband is not a lawmaker. B. I’m sure her position helps C. Don’t simp for politicians. They DGAF about you.

          • TigrisMorte
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            17 months ago

            A: which is why him having a ton of money he made more with isn’t a relevant condemnation of the woman.
            B: his having a shit ton of money already helps a hell of a lot more so fuck off with your unsubstantiated claim.
            C: at no point did I remotely suggest she did so fuck off with your attempt to imagine things to argue about since you’ve not a leg to stand upon.

        • @[email protected]
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          47 months ago

          I’m pretty sure I could be incredibly successful at trading stocks as well if I was married to a Senator who could give me inside information, lmao.

          • TigrisMorte
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            27 months ago

            As she didn’t join Politics until '87, guess they invented communicating to with their past selves, lmao. If you’ve got any proof, kindly advise the FBI. Where as you’ve none, head on back to peddle that shit to fux nooz.

            • @[email protected]
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              37 months ago

              Christ, am I supposed to memory hole that Pelosi’s husband making a shit ton of money off stocks THREE YEARS AGO is what led to a round of antitrust bills getting introduced? Is there literally any criticism of these rich fucks you can hear without immediately shrieking about conservatives?

              • TigrisMorte
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                17 months ago

                Well, you are shit holing that he made a shit ton of money before her first Campaign. So perhaps instead of doubling down upon your unsubstantiated right wing bull shit propaganda, actually check what happened. But you won’t Instead you’ll go on pretending you didn’t know that folks with a shit ton of money go on to make more shit tons of money so you can maintain your delusional belief in fux newbs’ distraction.

      • @[email protected]
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        7 months ago

        Pathetic watching ancient, feeble rich people about to return to the dust from whence they came still frantically positioning to boost their ego scores.

        It’s as if they believe their preferred invisible sky mommy/daddy will accept a bribe of earthly currency.

      • @[email protected]
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        77 months ago

        Don’t worry everyone, it’s just pelosi’s 3rd cousin doing the investing so that makes everything totally cool and totally legal.

        • @[email protected]
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          17 months ago

          Congressional Representatives and Senators are shielded from most insider trading laws. She could literately buy in, flip the SEC the bird, and go on her merry way.

    • @[email protected]
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      7 months ago

      The company behind tik tok said they will not sell they America is only 20% of their global market. They have refused to give their source code.

      So guess app just won’t work in US. Dumb ass lawmakers only people this hurt are the US citizens that are using it to make money.

      • @stonerboner
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        647 months ago

        I’d counter that basing your livelihood on an app that harvests your and your viewers data for an adversarial government known to use this kind of data in psyops isn’t a sound business idea.

        In fact, I’d say this bill actually protects American users who have been using the app.

        If TikTok can’t prove that they use our data responsibly, and refuse to do so to the point of just leaving the market, we are all better off. Another company will fill that void and content creators have endless options to move to.

        I don’t think “but people need to make money while our data is harvested and provided to a government that uses it against us” is a great argument.

        • @[email protected]
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          177 months ago

          They passed the bill because someone is getting a cut. It isn’t to protect the public. If they wanted to protect the public we would have universal healthcare and a ban on guns.

          • @stonerboner
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            77 months ago

            I disagree. I listened when it was presented to Congress. I read a good amount of the data justifying the required transfer. If you don’t think this bill protects the public, there really is no reasoning with you.

            Someone will get a cut specifically because TikTok chooses not to prove where their data flows. They had a choice, and chose to exit the market.

            But sure, you can frame it like we forced them to leave the market, which isn’t the case. They could have verified their data flow and remained if they were not abusing it.

              • @stonerboner
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                47 months ago

                You can literally watch the congressional hearings yourself.

                Here’s one video: https://www.youtube.com/watch?v=bhKX8zF2FQw

                I watched it live, so I don’t know how complete or edited this recording of the hearing is. Talk to you in 5.5 hours after you watch the thing you requested.

                  • @stonerboner
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                    77 months ago

                    Lmao I must have struck a nerve to get 7 replies from you.

                    You keep returning to your red herring because you don’t actually have a decent argument.

                    I bet you’re really mad at some internet stranger, maybe you should take a break

                • @[email protected]
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                  27 months ago

                  Can you at least try and clarify what in the hearings convinced you so much? I’ve seen some of these hearings. Some of them are complete BS political threater.

                  I mean, what would you have liked to see that would’ve proved the data is treated exactly the same as every other American company that harvests our data?

              • @stonerboner
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                57 months ago

                Taking longer than it should.

                Any other completely unrelated questions you’d like to ask?

                • @[email protected]
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                  57 months ago

                  Unrelated? We were talking about protecting the public and you are talking about a stupid fucking app where people learn dance moves from.

                  Who are you brought to you by? Meta or Alphabet or Reddit or X?

                  • @stonerboner
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                    67 months ago

                    What does the issue we are talking about (TikTok’s data harvesting) have to do with healthcare? Unless that’s where you get your magic crystal healing tips lmao

        • @[email protected]
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          167 months ago

          It’s cute how you think that the only government that’s using our own data against us is china. Might want to step back and look at our own government, then apply your same line of thinking to all big tech companies in existence right now.

          • @[email protected]
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            7 months ago

            Exactly: banning TikTok is nothing more than a good start. We need to destroy Facebook, Twitter and Reddit next.

            • AmbiguousProps
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              7 months ago

              That will never happen, at least not in this way. Because it wasn’t anything to do with their data collection, or their company structure. Congress is happy to allow domestic data collection and want Americans addicted to American apps so that they get a cut.

          • @stonerboner
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            You’re extremely dull if youre suggesting I don’t know data is abused left and right all over the place. But if TikTok is so bad it’s can’t even fit within our abusive system, it deserves to transfer or exit.

            You’re missing the forest for the trees.

            • @[email protected]
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              87 months ago

              And you aren’t even reading what I wrote. In no post did I defend tiktok… I merely stated that what it is doing is also being done by american based companies and they should be addressed as well.

              • @stonerboner
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                37 months ago

                No doubt, but accountability starts somewhere, so why have a problem with this? Why not celebrate and then demand equitable action domestically?

                “I’m not defending TikTok. I’m just bemoaning action being taken against them because bad things happen with other companies!” Not a great look.

                • @[email protected]
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                  57 months ago

                  Where did I say I had a problem with this? So much knee jerking in here. I am stating that lawmakers should apply these same laws to our own social media. The same lawmakers who will most likely profit off this decision.

                  • @stonerboner
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                    27 months ago

                    Then you should write and call those lawmakers. You are a part of the body that elects them. Or run for office and fight the good fight yourself.

                    I do hope we do get some domestic reform, but I’m able to separate this small foreign policy win from the huge need for comprehensive domestic policy.

                • AmbiguousProps
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                  7 months ago

                  Because this isn’t accountability? It won’t start any change with domestic companies, because it doesn’t apply to them. This isn’t the start of anything. If you think they’re going to use this as the starting point for actual privacy legislation, you’re very ignorant of how congress works.

                  Data collection will still happen domestically, and another Cambridge Analytica will happen, so long as domestic data brokers are legal.

                • @[email protected]
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                  37 months ago

                  How about we start with universal healthcare and then we worry about children learning dancing, right here in River City

          • @[email protected]
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            67 months ago

            It’s cute how you think many of us haven’t applied that big thinking to all big tech. A Facebook, Snapchat, and Twitter ban absolutely should happen.

        • AmbiguousProps
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          7 months ago

          It’s never been to protect the public. If that were the case, the law wouldn’t apply to just TikTok and foreign companies. They would’ve passed something to protect us from our own domestic data brokers too, but they didn’t.

          • @stonerboner
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            97 months ago

            It’s almost like an action can protect people and enrich elites at the same time. Explain how the American public isn’t better of keeping their personal data away from the CCP. Interested to see how you think this doesn’t protect the public at all from an adversarial foreign government.

            • @[email protected]
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              97 months ago

              When you could just generalize the law to include protecting us from our own oligarchs and they did not, it clearly shows who they work for.

              • @stonerboner
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                67 months ago

                We could also feed the poor, house the homeless, heal the sick etc. we could ask why any law regarding healthcare, housing, nutrition doesn’t fix the issue, but that’s a whole other can of worms.

                The FTC is putting in work this administration, and are poised to bring back Net Neutrality (obligatory Fuck Ajit Pai). This is a huge step towards protecting all Americans, so I think you’re confusing this issue (adversarial governments harvesting our data) with the larger issue of domestic policy (which will be much harder to tackle).

                • @[email protected]
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                  57 months ago

                  Let’s open the can of worms. Right here right now.

                  If the goal of a law is to keep people safe should we pass laws that do that or pass laws that don’t? Answer the question.

                  If goal is X should we try to get X or try to get Y?

                  Really really simple and you should manage it. Come on brought-to-you-buy-Meta, simple question I am sure you can answer it.

                  • @stonerboner
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                    97 months ago

                    Ah, a red herring.

                    According to you, there should be only one law that protects people and protects them fully. If the law is specific to a sector, it’s bad because saving people’s data doesn’t give them healthcare. And if it doesn’t protect people in other sectors (foreign vs domestic) then it can’t possibly be a good move.

                    It’s an all-or-nothing mentality that is extremely idealistic to the point of ignoring incremental progress, and will make it so that no law is ever good or enough.

                    Stopping the bleeding of data harvesting to China is good. If you want other change alongside it, hold your elected officials to it.

                    There’s really no point in continuing a discussion with such an idealistic purist, as no law can be good enough.

            • @[email protected]
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              67 months ago

              It’s almost like we don’t have universal healthcare. Are your BFFS in Congress going to fix that soon or are they busy banning a stupid dancing app?

              • @stonerboner
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                67 months ago

                Lmao “BFFS.” You love making me into whatever you want to rail against.

                Congress didn’t ban an app. They requested data on where their information flows, and the “stupid dancing app” opted to leave the market instead of comply.

                You don’t even know what the fuck you’re going on about haha

            • AmbiguousProps
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              7 months ago

              Their personal data won’t be kept away from the CCP. People that use TikTok will use VPNs to do so if needed (TikTok also would no longer have to listen to the US government, probably intensifying the data collection), and otherwise the CCP can just purchase (or steal) the data from US data brokers, because those are still very much legal. Did we forget about Cambridge Analytica, where an adversarial foreign government used our own domestic companies against us?

              • @stonerboner
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                77 months ago

                I bet less than 2% of users use VPNs. They won’t have much content, if any, from domestic creators. They’ll only be interacting with the other 2% of American users along with foriegn content.

                I don’t think people with enough brain cells to use VPN will are China’s target demographic, and I don’t think VPN users will constitute a fraction of activity you are suggesting they will.

                I really like how you point out the danger of the Cambridge Analytica incident, but then bemoan trying to keep data harvesting away from a foreign adversary.

                Domestic data policy drastically needs an overhaul, but we have to start somewhere. Also, Cambridge Analytica had a fucking shitstain president/administration running interference because they benefited directly from it. Glad we have accountability this time around.

                • AmbiguousProps
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                  37 months ago

                  I bet less than 2% of users use VPNs

                  TikTok users or in general? Either way, it’s higher than that, and will only increase with bills like this (and the many state-issued porn bans).

                  I don’t think people with enough brain cells to use VPN

                  VPNs aren’t hard to use, by design. Do you really think people need in-depth tutorials on how to press a button in an app? Also, there’s already people demonstrating VPN use on TikTok, for if the ban actually happens.

                  I really like how you point out the danger of the Cambridge Analytica incident, but then bemoan trying to keep data harvesting away from a foreign adversary.

                  You have very black and white thinking. I’m bemoaning it because it doesn’t actually protect US citizens. It doesn’t stop China from harvesting our data, and it doesn’t stop domestic companies either. But good try, trying to belittle the massive data breaches that have happened without TikTok’s help.

                  Domestic data policy drastically needs an overhaul, but we have to start somewhere.

                  Once again, this isn’t the start of that. Congress is more than happy to allow domestic companies to harvest our data, because half of the time they’re getting a cut. This will not open any doors for future privacy bills. The only possibility with this is that congress crafts another targeted bill to get rid of another company for whatever reason.

                  Also, Cambridge Analytica had a fucking shitstain president/administration running interference because they benefited directly from it.

                  Interesting that you’d bring that up, seeing as congress just set this precedent for banning companies right before that shitstain has a real chance of getting into office. Do you really want the Trump administration to pass a bill like this for another company?

                  • @stonerboner
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                    57 months ago

                    I’m stating than less than 2% of American TikTok users will use VPN to bypass TikTok leaving the market.

                    You’re crazy if you think VPN usage is high among the general public on a regular basis. And that number’s intersection with using a VPN to specifically work around this will be extremely low.

                    I absolutely stand by holding TikTok responsible, and any other company responsible. This, coupled with the FTC poised to bring back Net Nuetrality, is a great step in the right direction. I look forward to this energy setting up more data protection, foreign and domestic.

        • @[email protected]
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          47 months ago

          That’s not how due process and liberal democracy works. The government has to prove you’re doing it. Setting any precedent that you have to prove you’re not doing something (an impossible task) is incredibly dangerous.

        • @[email protected]
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          47 months ago

          Another company will fill that void

          Yay, more YouTube and Instagram. What we always wanted. Can’t wait to have maybe one day Meta and Alphabet will combine so we can only have one service!

      • Hubi
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        287 months ago

        So guess app just won’t work in US

        The good ending

          • Billiam
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            7 months ago

            Nobody is gonna use a VPN to get their TikTok fix. They’ll use Facebook Reels or YouTube shorts, since most content creators cross-post their stuff there anyway.

            • TigrisMorte
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              77 months ago

              Which is the actual intent of attacking a single point of the problem instead of the actual problem of the abuse of end users by all the corpo’s social media and other apps., free or otherwise is no longer important.

            • @[email protected]
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              67 months ago

              I will probably do it. Out of spite. Might even show my Congressional rep at the next town hall meeting.

            • AmbiguousProps
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              7 months ago

              People on TikTok are already discussing using VPNs, so it will happen if not sold.

              And either way, it’s almost like congress doesn’t care about addictive social media, seeing as it’s fine if domestic companies create addictive algorithms. They’ll even let foreign governments manipulate the populous via domestic companies, so long as they get a cut of the cash.

          • Hubi
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            137 months ago

            You need more than a handful of brain cells for that, so it’s not exactly the easily manipulated target audience of TikTok.

        • @[email protected]
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          77 months ago

          Passing a law to give the executive branch overreaching censorship authority over the internet while simultaneously campaigning that the other option in the next election wants to use the power of that office to overthrow democracy. This is the “good ending”.

          • @stonerboner
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            67 months ago

            It’s almost like TikTok was given a chance to prove our data doesn’t flow to the Chinese government, and TikTok decided to exit the market than prove where their data flows.

            But sure, let’s just pretend we randomly forced them out with an executive overreach lmao

      • @[email protected]
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        107 months ago

        I don’t see how anyone is hurt by losing access to Tiktok. The only sad part about this is that all social media isn’t banned.

        • AmbiguousProps
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          107 months ago

          You are literally posting this to social media right now. Do you think it would be cool to ban or force a sale of Lemmy to a US corp?

          • @[email protected]
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            77 months ago

            Is Lemmy using a predatory algorithm designed to enrich itself at the expense of the well being of its users and utilize its platform to influence US policy against its own interests? If that answer was yes, then absolutely. With Lemmy being of service to its users without making us its cattle, I’ll advocate for it as opposed to against it.

            • AmbiguousProps
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              67 months ago

              Does congress care about data collection and predatory algorithms, though? If so, why did they just waste their time crafting a targeted bill rather than actually making those practices illegal?

              If congress suddenly decided that they didn’t like a company for whatever reason, they’ll craft another targeted bill like this one. Trump could win this year, do you really want this precedent set right before that?

              Luckily, Lemmy is much more difficult due to it’s decentralized nature. However, since congress is clearly more than willing to craft targeted bills, it’s not out of the question.

            • @[email protected]
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              67 months ago

              Dude, the bill has nothing to do with anything you said. You’re criticizing capitalism and the lack of regulations on social media corporations.

              My understanding is this bill is about forcing the sale of a company owned by a “foreign adversary” which is vague as shit just like the patriot act, which took (some of) the public 20+ years to realize was probably not a good idea.

            • 520
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              37 months ago

              Is Lemmy using a predatory algorithm designed to enrich itself at the expense of the well being of its users and utilize its platform to influence US policy against its own interests?

              You mean like Facebook? Which isn’t being banned?

              • @[email protected]
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                17 months ago

                I love posting how we should ban Facebook, I even post on Facebook about banning Facebook…from the website of course.

            • @[email protected]
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              17 months ago

              Is Lemmy using a predatory algorithm designed to enrich itself at the expense of the well being of its users and utilize its platform to influence US policy against its own interests?

              Straight up yes, I’m gonna explain this hot take right now so buckle up.

              Lemmy operates on the same basic set of principles that Reddit does. Upvotes send a post up, downvotes send a post down, moderation abilities and succession is controlled by the select few who create a popular channel, and also administrators. Pretty easy, pretty simple so far.

              Algorithms don’t refer only to implicit incentive structures, but explicit ones, as well. How many posts have you seen on lemmy that are just really stupid propaganda memes? That’s what the platform explicitly incentivizes with it’s system of upvotes and downvotes. Low rent, low effort posts that vibe with a large majority of the audience are what’s going to get more attention and more engagement, and that’s going to push a post up, in a kind of feedback loop that hopefully tries to separate the wheat from the chaff. Really, all it does is separate the low rent dopamine content from everything else. I would say the incentivization of low rent behavior by these explicit mechanisms is somewhat predatory, yes.

              As to how lemmy is enriched by this process, lemmy gets more attention. so lemmy gets more power inside of the sphere of internet attention, culture, and propaganda. Lemmy as a whole, obviously, which probably ends up meaning the developers. The whole thing being more open source and federated obviously puts this much more into contention than Reddit, sure, but that doesn’t really eliminate the basic problems that come about at the very conception of this platform, these problems of echo chambers. You can even see that forming now in a bunch of different instances. You can see that bias in hexbear, ml, world being plagued by a bunch of brainlet neolibs. It’s pretty obvious that the system confines everyone to their bubbles.

              This is all to basically equivocate any interaction having been had online as being predatory in some way, and as enriching some party. Any mechanism which you use to organize the slew of information coming at you is going to have an inherent set of biases, pros and cons, and is inherently going to prey on some of those biases compared to others. So if we’ve equivocated all social media with basically all form of social interaction online, then the internet itself was probably a mistake.

              Tl;dr IRC is a form of social media. Real life is a form of social media.

        • 520
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          87 months ago

          You joke but this has a chilling effect on all sm platforms based outside of the US. They just took a massive shit on the 1st amendment.

              • @[email protected]
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                37 months ago

                Banning TikTok, a foreign controlled company, does not infringe on the 1st amendment. Freedom of speech isn’t impaired because of some dipshit social media app that actively fucks everyone except the Chinese government over.

                • AmbiguousProps
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                  27 months ago

                  I didn’t say the bill did.

                  Either way, TikTok is not the only avenue for the Chinese government to use to fuck us. They’ll just find another way, one that isn’t so visible and easily regulated. This doesn’t really solve much; it’s just going to piss people off by taking away their choice and push breaches of personal privacy into the shadows where the US has no jurisdiction.

            • 520
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              27 months ago

              Except this ban is doing the exact opposite. It’s only affecting US citizens. Foreigners are not affected

          • Buelldozer
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            37 months ago

            They just took a massive shit on the 1st amendment.

            Oh, so the 1A protects Social Media activity again? When did it change?

            • 520
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              17 months ago

              It always has, at least from US government. Have you not read the constitution?

              • Buelldozer
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                17 months ago

                It always has, at least from US government. Have you not read the constitution?

                Oh, so we can agree that the US Government “asking” Twitter and other media outlets to interfere with the coverage of certain stories is also a 1A violation? Excellent!

                I do need to ask your opinion on this Supreme Court case though…

                • 520
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                  17 months ago

                  Yes, I would argue it was. Not quite as brazenly but yes.

          • @[email protected]
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            37 months ago

            I see nothing wrong with posting to social media to advocate against it, I’ll feel free to stay.

            • @[email protected]
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              57 months ago

              Does your posting history bear out that that’s why you’re here, though? 🤷‍♂️ I’m not asking for you to justify it to me, it’s just silly to pretend you’re not participating in something you say should be banned.

              • @[email protected]
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                17 months ago

                My posting history bears out extensive shitposting and calling things as they’re seen. I don’t take any issue with Lemmy/Fediverse due to how they’re decentralized and orchestrated. I’m against predatory algorithms and user manipulation. I believe that the Fediverse itself will be a good thing until it becomes the villain, much like how our utopian social experiments usually go.

      • TigrisMorte
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        77 months ago

        All the folks quoting what a small part of their audience the US is, never mention what percentage of their gross the US is. CCP won’t pay for eyeballs in Azerbaijan.