Geoff Lewis on TikTok Ban: China’s Controlling One of the Most Powerful Algorithms Influencing the U.S.

IRS But we don ░░░░░░░░ know the status of ░░░░░░░░ right now becky gt ░░░░░░░░ eamon thank you gt ░░░░░░░░ gt joining us now ░░░░░░░░ talk about TikTok possible ░░░░░░░░ ban let s bring ░░░░░░░░ geoff Lewis bedrock capital ░░░░░░░░ managing partner Open a ░░░░░░░░ has been in the ░░░░░░░░ portfolio since 2021 Talk ░░░░░░░░ You call this a ░░░░░░░░ I think not a ░░░░░░░░ Would that really work ░░░░░░░░ that solve the problem ░░░░░░░░ gt look love to ░░░░░░░░ a TikTok ban Think ░░░░░░░░ August 2022 President Trump ░░░░░░░░ order to ban TikTok ░░░░░░░░ I think an opportunity ░░░░░░░░ divest and a plan ░░░░░░░░ that benefit back then ░░░░░░░░ support a TikTok ban ░░░░░░░░ divestment I think we ░░░░░░░░ a very significant somewhat ░░░░░░░░ issue based on a ░░░░░░░░ government controlling one of ░░░░░░░░ most powerful algorithms influencing ░░░░░░░░ U S here I ░░░░░░░░ the practicalities of the ░░░░░░░░ month period of this ░░░░░░░░ bill offers up there ░░░░░░░░ a possibility the design ░░░░░░░░ be designed to fail ░░░░░░░░ it fails its chief ░░░░░░░░ I worry about the ░░░░░░░░ on effects for freedom ░░░░░░░░ speech a society here ░░░░░░░░ TikTok yes obviously Anyone ░░░░░░░░ s not in favor ░░░░░░░░ TikTok might themselves be ░░░░░░░░ foreign adversary or a ░░░░░░░░ agent for fear of ░░░░░░░░ rid of that but ░░░░░░░░ worry how broad things ░░░░░░░░ if things don t ░░░░░░░░ out as the bill ░░░░░░░░ gt gt if someone ░░░░░░░░ geoff is it a ░░░░░░░░ security risk You can ░░░░░░░░ imagine that that question ░░░░░░░░ even still being asked ░░░░░░░░ re that sure gt ░░░░░░░░ yes gt gt from ░░░░░░░░ you just said By ░░░░░░░░ it s the CCP ░░░░░░░░ s a very powerful ░░░░░░░░ and they control it ░░░░░░░░ gt I don t ░░░░░░░░ how much time you ░░░░░░░░ spending around young kids ░░░░░░░░ Do you have grandkids ░░░░░░░░ you see how much ░░░░░░░░ they spend on TikTok ░░░░░░░░ days Insane Spending so ░░░░░░░░ time on TikTok gt ░░░░░░░░ my grandkid have kids ░░░░░░░░ then a couple of ░░░░░░░░ are pregnant actually Unbelievable ░░░░░░░░ they re in their ░░░░░░░░ No I don t ░░░░░░░░ grandkids My son is ░░░░░░░░ My job I was ░░░░░░░░ late bloomer gt gt ░░░░░░░░ up geoff You re ░░░░░░░░ basically anybody who doesn ░░░░░░░░ think this needs to ░░░░░░░░ the divested our souls ░░░░░░░░ potentially a foreign actor ░░░░░░░░ Trump changed his opinion ░░░░░░░░ leaves room gt gt ░░░░░░░░ it back sort of ░░░░░░░░ it back I haven ░░░░░░░░ spoke ton him directly ░░░░░░░░ of yesterday we need ░░░░░░░░ do something about it ░░░░░░░░ gt that could be ░░░░░░░░ mnuchin talking to him ░░░░░░░░ it too The former ░░░░░░░░ secretary says he would ░░░░░░░░ together a group to ░░░░░░░░ it gt gt fair ░░░░░░░░ Look I think bottom ░░░░░░░░ is it s clear ░░░░░░░░ Chinese social control CCP ░░░░░░░░ social media company having ░░░░░░░░ much influence this much ░░░░░░░░ to the data on ░░░░░░░░ 150 plus Americans is ░░░░░░░░ Talking about doing something ░░░░░░░░ this for years Should ░░░░░░░░ done four years ago ░░░░░░░░ I just think the ░░░░░░░░ of this bill definition ░░░░░░░░ foreign adversaries power to ░░░░░░░░ president to approve or ░░░░░░░░ the sale I worry ░░░░░░░░ this bill be designed ░░░░░░░░ fail a trojan horse ░░░░░░░░ more regulation of more ░░░░░░░░ media companies that are ░░░░░░░░ by China I think ░░░░░░░░ have here a narrow ░░░░░░░░ with TikTok and the ░░░░░░░░ Offering a trojan horse ░░░░░░░░ government to control all ░░░░░░░░ That s the doomsday ░░░░░░░░ China controlling this algorithm ░░░░░░░░ to be an idiot ░░░░░░░░ that s not clearly ░░░░░░░░ and not doing something ░░░░░░░░ that but then the ░░░░░░░░ S government broadly having ░░░░░░░░ over all algorithms becomes ░░░░░░░░ and like becoming a ░░░░░░░░ overtime I m not ░░░░░░░░ lawmaker a legislature I ░░░░░░░░ not a politician I ░░░░░░░░ t know how to ░░░░░░░░ draw the lines but ░░░░░░░░ is a very nuanced ░░░░░░░░ gt gt I can ░░░░░░░░ lines as a politician ░░░░░░░░ people vote You can ░░░░░░░░ it And they vote ░░░░░░░░ Why do you think ░░░░░░░░ s not moving Why ░░░░░░░░ you think Schumer thinks ░░░░░░░░ had control what kind ░░░░░░░░ government Israel has gt ░░░░░░░░ all about votes gt ░░░░░░░░ don t you think ░░░░░░░░ A cynical viewpoint but ░░░░░░░░ worry nothing s going ░░░░░░░░ happen Like you say ░░░░░░░░ happens on TikTok because ░░░░░░░░ people vote and people ░░░░░░░░ TikTok have started threatening ░░░░░░░░ I saw a it ░░░░░░░░ a recorded message to ░░░░░░░░ s phone Last night ░░░░░░░░ forget which senator says ░░░░░░░░ m going to kill ░░░░░░░░ and cut you up ░░░░░░░░ little pieces because this ░░░░░░░░ the only way I ░░░░░░░░ how to make a ░░░░░░░░ is on TikTok gt ░░░░░░░░ a really sort of ░░░░░░░░ sad comment where things ░░░░░░░░ eight societally here and ░░░░░░░░ ve had this had ░░░░░░░░ issue with social media ░░░░░░░░ getting worse and worse ░░░░░░░░ year I do think ░░░░░░░░ is in a league ░░░░░░░░ its own how addictive ░░░░░░░░ algorithm is a I ░░░░░░░░ built in Obvious fact ░░░░░░░░ any Chinese company has ░░░░░░░░ de facto section of ░░░░░░░░ cc Reality of voting ░░░░░░░░ very scary but I ░░░░░░░░ think we re I ░░░░░░░░ if TikTok determines how ░░░░░░░░ vote we re all ░░░░░░░░ Joe,