Latest / The Paul Barron Crypto Show / Meta Controlled By China!?🔥U.S. Senate Hearing🚨

Transcript

Meta Controlled By China!?🔥U.S. Senate Hearing🚨 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Meta is on the chopping black and it may have
• 0:08
  Speaker 1: a direct impact on some of some of the best
• 0:11
  Speaker 1: crypto projects out there. Today we'll break it down for you.
• 0:14
  Speaker 1: It's going to be interesting. My name is Paul Barre.
• 0:15
  Speaker 1: Welcome back in the tech path. I do want to
• 0:17
  Speaker 1: thank our sponsor, and that is I trust Capital. In
• 0:19
  Speaker 1: these volatile times, this is what you want to do, diversify.
• 0:23
  Speaker 1: One of the ways you can do that is get
• 0:24
  Speaker 1: into an IRA. I granted now there are tax advantages
• 0:27
  Speaker 1: there for you. I think you can still take advantage
• 0:29
  Speaker 1: of it before April fifteenth. Check it out, but use
• 0:32
  Speaker 1: our link down below. If you sign up for a CRYPTOIRA,
• 0:34
  Speaker 1: you can get up to one hundred bucks in funding
• 0:36
  Speaker 1: rewards to get started. So let's get into this whole
• 0:39
  Speaker 1: issue with Meta. And I want to do this first
• 0:41
  Speaker 1: intro because this will give you a framework of what
• 0:44
  Speaker 1: happened in Congress yesterday.
• 0:47
  Speaker 2: Take a look.
• 0:48
  Speaker 3: Did members of the Facebook executive team or other employees
• 0:52
  Speaker 3: at Facebook Meta ever brief members of the Chinese Communist.
• 0:55
  Speaker 4: Party, Yes, Senator regulate.
• 0:57
  Speaker 3: Exchange information with them.
• 0:58
  Speaker 4: You had meetings at the topics acutive level, So Mark
• 1:01
  Speaker 4: and Cheryl and you had meetings you know, all the
• 1:03
  Speaker 4: way down to providing briefings on cutting edge technology like
• 1:08
  Speaker 4: facial recognition, which is obviously very helpful to the Chinese
• 1:11
  Speaker 4: Communist Party.
• 1:12
  Speaker 1: All right, So the person that Holly was talking to
• 1:16
  Speaker 1: there is an x key employee at Meta under nondisclosure,
• 1:22
  Speaker 1: and it gets really dicey in terms of the things
• 1:24
  Speaker 1: that they talked about. I want to go further into
• 1:27
  Speaker 1: this because this is where Holly brings a little bit
• 1:29
  Speaker 1: of evidence.
• 1:29
  Speaker 2: Take a look.
• 1:31
  Speaker 3: Here's a readout of a group of Facebook engineers offering
• 1:35
  Speaker 3: to create a censorship regime phase zero. We identify all
• 1:39
  Speaker 3: traffic that are currently blocked in China and we Facebook
• 1:43
  Speaker 3: block them. And another conversion that says, great stuff, guys,
• 1:46
  Speaker 3: let's do it.
• 1:47
  Speaker 4: They're talking about activating the censorship tools on behalf of
• 1:51
  Speaker 4: the Chinese Communist Party.
• 1:52
  Speaker 3: Facebook employees celebrating it. Good way to build trust, they mean,
• 1:56
  Speaker 3: build trust with the Communist Chinese Party, right.
• 1:58
  Speaker 5: Correct, sent Oh, its very existence was denied before this
• 2:04
  Speaker 5: committee in twenty eighteen, That's correct, Senator.
• 2:07
  Speaker 1: Facebook went in front of Congress and actually lied to them.
• 2:11
  Speaker 1: This is a problem I think for Facebook in general.
• 2:14
  Speaker 1: Meta goes a little bit further This is where it
• 2:17
  Speaker 1: gets into the tools that were used.
• 2:19
  Speaker 2: Take a look at this.
• 2:21
  Speaker 4: So anytime a piece of content got over ten thousand views,
• 2:27
  Speaker 4: that would automatically trigger it being reviewed by what they
• 2:30
  Speaker 4: called the chief editor.
• 2:32
  Speaker 5: Chief editor's power limited to reviewing viral posts.
• 2:36
  Speaker 4: Oh no, it's extensive power. The chief editor would be
• 2:38
  Speaker 4: able to turn off the entire service in specific regions,
• 2:44
  Speaker 4: for example Shinjiang. Would also be able to turn off
• 2:48
  Speaker 4: or manage the service on significant anniversaries like the anniversary
• 2:53
  Speaker 4: of Townaman Square. The virality counters were not just installed
• 2:58
  Speaker 4: but activated in Hong Kong and also in Taiwan.
• 3:02
  Speaker 5: Was directed at Taiwan that's my understanding sentation and Hong Kong,
• 3:07
  Speaker 5: that's my understanding.
• 3:09
  Speaker 1: Okay, So this was to me one of the most
• 3:13
  Speaker 1: I guess the biggest revelations I've seen in terms of
• 3:15
  Speaker 1: censorship being talked about in Congress openly right now. One
• 3:20
  Speaker 1: of the biggest companies out there. Now, this is where
• 3:23
  Speaker 1: it gets kind of interesting around banning people, and I
• 3:27
  Speaker 1: think this is where they cross the line.
• 3:29
  Speaker 2: Take a look at this.
• 3:31
  Speaker 3: Facebook shut down that page based on pressure from the
• 3:34
  Speaker 3: Chinese Communist Party. Is that accurate. Let's just take a
• 3:37
  Speaker 3: look here at the documents. Here, mister Chow asks Facebook.
• 3:42
  Speaker 3: It says to Facebook that they want mister Gua's Facebook
• 3:46
  Speaker 3: page dealt with, and then they go on to lists.
• 3:49
  Speaker 3: Here's what we could do. We could do nothing, we
• 3:51
  Speaker 3: could say we can do something, or we can do
• 3:52
  Speaker 3: even more than expected. But we need to provide a
• 3:56
  Speaker 3: response to the Chinese Communist Party on what we can do.
• 4:00
  Speaker 3: Facebook acknowledging this pressure, saying we need to do something
• 4:03
  Speaker 3: if we want to get the party's cooperation, the government's cooperation.
• 4:07
  Speaker 4: And what happened next, this man on American soil was
• 4:10
  Speaker 4: kicked off the platform.
• 4:11
  Speaker 3: Then in September they make that ban permanent. Now here's
• 4:14
  Speaker 3: the really interesting thing. Facebook's General counsel was asked about
• 4:18
  Speaker 3: this directly under oath in a Senate Intelligence Committee hearing.
• 4:21
  Speaker 3: Senator Rubio asked him directly, was there any pressure from
• 4:24
  Speaker 3: the Chinese government to block his account? The General council,
• 4:27
  Speaker 3: mister Stretch, No, Senator, it's in fact an outright lie,
• 4:31
  Speaker 3: is it not.
• 4:31
  Speaker 4: It is sensed.
• 4:32
  Speaker 3: Wow.
• 4:33
  Speaker 2: Okay, So.
• 4:35
  Speaker 1: These are kind of mind blowing clips here, guys. When
• 4:38
  Speaker 1: you look at the evidence that China has been possibly
• 4:43
  Speaker 1: manipulating American data. This is where it gets even deeper. Now,
• 4:47
  Speaker 1: remember this also goes into the whole issue around TikTok,
• 4:51
  Speaker 1: why there's a ban all of that.
• 4:53
  Speaker 2: Let's go to this next clip.
• 4:54
  Speaker 3: In exchange for the ability to do operations in China,
• 4:58
  Speaker 3: Facebook will agree to grant the Chinese government access to
• 5:01
  Speaker 3: Chinese user data. There it isn't black and white access
• 5:04
  Speaker 3: to Chinese user data, including Hong Kong e's user data.
• 5:08
  Speaker 3: And then they talk about they're going to have to
• 5:10
  Speaker 3: get their Hong Kong citizens to reagree to terms of
• 5:13
  Speaker 3: service so they can slide this right by them. Was
• 5:16
  Speaker 3: Americans user data ever compromised or they ever plan to
• 5:19
  Speaker 3: compromise American user data in any way?
• 5:21
  Speaker 4: Do you know you can't segregate data. It would have
• 5:25
  Speaker 4: American data, it would have Chinese use the data, and
• 5:28
  Speaker 4: it would be on Chinese soil because.
• 5:31
  Speaker 3: They're going to store that data in China. Is that
• 5:33
  Speaker 3: correct correct? But when you store that data in China
• 5:36
  Speaker 3: Americans who exchange messages or their information with Chinese Facebook users,
• 5:41
  Speaker 3: that would mean the Chinese government could get access to
• 5:44
  Speaker 3: the American data as well. Is that correct?
• 5:46
  Speaker 4: Through the pop servers?
• 5:47
  Speaker 3: Potentially?
• 5:47
  Speaker 1: Yes?
• 5:48
  Speaker 3: And Facebook was willing to take that risk.
• 5:51
  Speaker 4: Yes, ultimately, yes.
• 5:52
  Speaker 3: I mean this is this is extraordinary.
• 5:54
  Speaker 1: This is extraordinary, all right. So remember that the FDC
• 6:00
  Speaker 1: see find Facebook and it was kind of a I guess.
• 6:04
  Speaker 2: Maybe a warning. Fine, I'll talk about that in a second.
• 6:06
  Speaker 1: But this was a clip that where they kind of
• 6:08
  Speaker 1: reiterated that I wonder what this means.
• 6:11
  Speaker 2: Now, take a look back.
• 6:13
  Speaker 3: In twenty twelve, the FTC here in this country, the
• 6:16
  Speaker 3: FTC entered a consent decree with Facebook about privacy.
• 6:20
  Speaker 4: They were intended to prevent Meta from deceiving people about
• 6:26
  Speaker 4: the extent to which they collect and share their data.
• 6:30
  Speaker 3: And yet they are deliberately misrepresenting across the world the
• 6:35
  Speaker 3: security of user data, including the Hong Kong Ease, including Taiwan.
• 6:40
  Speaker 3: In fact, they testified, they testified under oath we don't
• 6:43
  Speaker 3: make user data available.
• 6:45
  Speaker 1: Okay, this is very upsetting to me when you see
• 6:49
  Speaker 1: an American company acting in these kinds of ways. And
• 6:52
  Speaker 1: of course Facebook was fined five billion dollars by the FTC.
• 6:56
  Speaker 1: This is of course them having to update and adopt
• 7:00
  Speaker 1: new privacy security measures.
• 7:01
  Speaker 2: Now, whether they.
• 7:02
  Speaker 1: Get off with a slap or maybe another what could
• 7:06
  Speaker 1: be one hundred billion dollar or greater fine would be
• 7:11
  Speaker 1: the interesting thing. Maybe some people actually going to jail
• 7:16
  Speaker 1: for this.
• 7:17
  Speaker 2: Let's take this a little bit further.
• 7:18
  Speaker 1: Because now you have to think about AI and the
• 7:20
  Speaker 1: integration of AI into what Meta has been able to
• 7:23
  Speaker 1: do and is doing, and some other things were revealed
• 7:26
  Speaker 1: during this hearing as well.
• 7:28
  Speaker 2: Take a look at this one.
• 7:29
  Speaker 3: Did Facebook actually brief members of the CCP on artificial intelligence?
• 7:34
  Speaker 3: To your knowledge? Yes, Facebook, that is would help China
• 7:37
  Speaker 3: out compete other American businesses as an American company going
• 7:42
  Speaker 3: to our chief foreign adversary on whom we currently have
• 7:45
  Speaker 3: tariffs of like ten billion percent and saying, hey, we'd
• 7:50
  Speaker 3: love to help you. We would love to help you
• 7:53
  Speaker 3: beat all of these other American companies.
• 7:56
  Speaker 4: The greatest trick Mark Zuckerberg ever pulled was wrapping the
• 8:00
  Speaker 4: American flag around himself and calling himself a patriot and
• 8:04
  Speaker 4: saying he didn't offer services in China while he spent
• 8:07
  Speaker 4: the last decade building an eighteen billion dollar business there.
• 8:10
  Speaker 4: And he continues to wrap the flag around himself as
• 8:13
  Speaker 4: we move into the next era of artificial intelligence.
• 8:16
  Speaker 3: So do you believe Facebook is an honest broker? This
• 8:19
  Speaker 3: is called a softball.
• 8:21
  Speaker 1: This is a very twisted web that we've got right
• 8:24
  Speaker 1: now where there's a dependence on all of this. If
• 8:27
  Speaker 1: you look at even Computer World was reporting on this yesterday,
• 8:30
  Speaker 1: Meta help build China's Deep Seek whistleblower testimony came in
• 8:34
  Speaker 1: and basically said that very thing. That's what they were
• 8:37
  Speaker 1: talking about right there. And I think this is the issue, guys,
• 8:40
  Speaker 1: is we are starting to see the decline of maybe
• 8:42
  Speaker 1: some of the biggest tech companies out there for the
• 8:45
  Speaker 1: next evolution, and the next evolution will be a decentralized,
• 8:49
  Speaker 1: much more open scenario that plays into how social media
• 8:54
  Speaker 1: is going to be used. We talk about it here
• 8:55
  Speaker 1: on the channel often in terms of the future of
• 8:58
  Speaker 1: where this is going for social media. We think it's
• 9:00
  Speaker 1: going to be a crypto and blockchain element that will
• 9:04
  Speaker 1: make this go forward. If you look at how Congress
• 9:08
  Speaker 1: views Mark Zuckerberg.
• 9:10
  Speaker 2: Right now, here's Josh Holly.
• 9:12
  Speaker 3: He's recently tried a reinvention. Now he's on Joe Rogan
• 9:17
  Speaker 3: and says that he is he is mister free speech,
• 9:20
  Speaker 3: he is mister maga. Do you buy this latest reinvention
• 9:23
  Speaker 3: of Mark Zuckerberg.
• 9:24
  Speaker 4: This is a man who wears many different costumes. Wanted
• 9:29
  Speaker 4: the President of China to name his first child. He
• 9:32
  Speaker 4: was learning Mandarin. Now his new costume is MMA fighting
• 9:37
  Speaker 4: or Kate whatever, you know, free speech. We don't know
• 9:40
  Speaker 4: what the next costume is going to be, but it'll
• 9:43
  Speaker 4: be something different.
• 9:43
  Speaker 3: I don't trust his latest reinvention at all. Every time
• 9:47
  Speaker 3: it's something misleading.
• 9:49
  Speaker 2: Very interesting times. Guys.
• 9:50
  Speaker 1: You remember all the way back in twenty twenty one
• 9:52
  Speaker 1: when Meta should be saying Facebook rebranded as Meta now
• 9:57
  Speaker 1: their big claim at that time will go back to
• 10:00
  Speaker 1: this Meta video all the way back to three years ago,
• 10:04
  Speaker 1: seven point seven million views. This was essentially talking about
• 10:08
  Speaker 1: NFTs and virtual merch inside the metaverse, and that was
• 10:12
  Speaker 1: of course all being looked at to where eventually it
• 10:16
  Speaker 1: would go into the ARVR project. And this was kind
• 10:19
  Speaker 1: of the future of where we would see things go.
• 10:22
  Speaker 1: That of course is a rug pull because that was
• 10:25
  Speaker 1: taken off again no more Facebook NFTs Meta reveals. Their
• 10:28
  Speaker 1: whole creator support plan was not going to go in
• 10:30
  Speaker 1: this direction. This was a problem that we had. You know,
• 10:34
  Speaker 1: when we cover technology, we look at blockchain as one
• 10:37
  Speaker 1: of you know, the critical components of the future for creators,
• 10:40
  Speaker 1: and Meta of course was going in the opposite direction. Now,
• 10:44
  Speaker 1: this next clip, we'll get into a little bit more
• 10:47
  Speaker 1: around how much pressure META was trying to put on Congress,
• 10:52
  Speaker 1: because this is a big death blow. If all of
• 10:55
  Speaker 1: this comes out and is proven true, that Meta may
• 10:59
  Speaker 1: have some very serious problems.
• 11:01
  Speaker 2: Take a look.
• 11:02
  Speaker 4: The last four weeks have been very difficult.
• 11:04
  Speaker 5: Apart from the threats in a judicial setting, have there
• 11:08
  Speaker 5: been others?
• 11:09
  Speaker 4: Maybe it's helpful if I read what they told me
• 11:13
  Speaker 4: please do. If I were permitted to communicate with legislators,
• 11:17
  Speaker 4: that's you, nothing would limit or prevent those legislators or
• 11:21
  Speaker 4: their aids from parroting to the public any disparaging statements.
• 11:26
  Speaker 4: A disparaging statement is a true statement that would have
• 11:30
  Speaker 4: not only fifty thousand dollars for each truthful statement, actual
• 11:35
  Speaker 4: damages for breach of confidentiality.
• 11:39
  Speaker 5: They are warning you against what we might say based
• 11:44
  Speaker 5: on your comments to us. In fact, you'd be held
• 11:48
  Speaker 5: responsible for what we might say as a result of
• 11:51
  Speaker 5: your truthful testimony.
• 11:53
  Speaker 4: Not just ue senators, something your aid might say.
• 11:56
  Speaker 5: In other words, what these folks in back of us might.
• 11:59
  Speaker 4: Say, even though it's factual and true.
• 12:02
  Speaker 5: Even though it's factually true, I mean now that you
• 12:05
  Speaker 5: mention it, it creates pressure on us could have to
• 12:09
  Speaker 5: worry about harming you, and the gag order is still
• 12:13
  Speaker 5: in effect.
• 12:13
  Speaker 4: That's right, Senator, This maybe the last time I'm allowed
• 12:17
  Speaker 4: to speak.
• 12:17
  Speaker 3: I could promise you, miss when Williams, that this will
• 12:19
  Speaker 3: not be the end. This is just the beginning.
• 12:22
  Speaker 2: Interesting stuff, guys.
• 12:23
  Speaker 1: The drama is high right now between DC and Silicon Valley.
• 12:30
  Speaker 1: Now remember that, you know, some of the employees that
• 12:33
  Speaker 1: disagreed with this were you know, basically went out and said, hey,
• 12:36
  Speaker 1: we think we can do something better. And the way
• 12:37
  Speaker 1: that they went after it was with Sweet. Sweet is
• 12:41
  Speaker 1: of course all blockchain executives that came over from Meta
• 12:45
  Speaker 1: and basically, well they launched this test net was like
• 12:48
  Speaker 1: a year after Meta had launched or was trying to
• 12:50
  Speaker 1: make its diversion into the metaverse. With all that happening,
• 12:54
  Speaker 1: then of course you look at where they are right now.
• 12:55
  Speaker 1: Here's a good statement from Miston Labs. Web three needs
• 12:59
  Speaker 1: a better data secure already seal a decentralized secrets management.
• 13:03
  Speaker 1: This is a DSM a service. This is all live
• 13:06
  Speaker 1: now on suite. And the cool thing about this, remember Walrus.
• 13:09
  Speaker 2: We've talked about Walrus before.
• 13:10
  Speaker 1: This is kind of like storing content. Think of it
• 13:13
  Speaker 1: as videos, podcasts, whatever it might be. It's real physical
• 13:15
  Speaker 1: files or you know, digital files. That's Walrus. This is
• 13:19
  Speaker 1: actually a part of a test net that stores secrets,
• 13:23
  Speaker 1: so it's called Seal. It's a robust encryption and on
• 13:26
  Speaker 1: chain access control for sensitive data. This would be one
• 13:29
  Speaker 1: of the things that would be needed for a decentralized
• 13:34
  Speaker 1: social media platform, and that is where SWEE could really
• 13:37
  Speaker 1: make a big inroad here going forward, because there's tech
• 13:41
  Speaker 1: stack is designed to do all the things that we
• 13:45
  Speaker 1: believe need to be done around social media. Here's a
• 13:48
  Speaker 1: quick video on Evan Chang, one of the co founders
• 13:51
  Speaker 1: of Suite, talking about this.
• 13:52
  Speaker 2: Take a look.
• 13:53
  Speaker 6: People thinking about well, you know or you need to
• 13:56
  Speaker 6: watch it. That's just completely wrong.
• 13:58
  Speaker 2: Right, You need a long.
• 13:59
  Speaker 6: Law because otherwise you fall back to centralized solution for
• 14:02
  Speaker 6: these key parts. Right, what if you're not responsible for
• 14:06
  Speaker 6: your customers information, essentially delegating the responsibility to decentrality prastructure.
• 14:14
  Speaker 6: And then finally right with CEOs coming up next afterwards,
• 14:19
  Speaker 6: is your normal response for custom sequence? This is to
• 14:23
  Speaker 6: us the minimum viable set of infrastructure for a business
• 14:29
  Speaker 6: transform into this trustless model.
• 14:32
  Speaker 1: All right, So that's Evan Chang and we've had if
• 14:34
  Speaker 1: you haven't seen the video, we have a video out
• 14:36
  Speaker 1: there with Evan.
• 14:37
  Speaker 2: I did an interview with him, very.
• 14:39
  Speaker 1: Straightforward about what they're talking about here. Because this is
• 14:42
  Speaker 1: going to basically launch a ton of all of what's
• 14:46
  Speaker 1: happening right now being exposed on Meta. It's going to
• 14:48
  Speaker 1: launch a ton of lawsuits, whether it's liability, customer privacy,
• 14:52
  Speaker 1: all these things are going to be coming at Meta
• 14:53
  Speaker 1: in a big way. And I think this is going
• 14:56
  Speaker 1: to start the segue into a decentralized social media infrastructure.
• 15:01
  Speaker 1: What Evan was talking about there was that very issue
• 15:05
  Speaker 1: is that you have to be able to offset user
• 15:08
  Speaker 1: data away from a centralized location, which is essentially what
• 15:12
  Speaker 1: Suite is trying to do.
• 15:13
  Speaker 2: So a lot of good news here.
• 15:15
  Speaker 1: I think in general, it's good news because blockchain can
• 15:18
  Speaker 1: solve a lot of these problems. If you look at
• 15:20
  Speaker 1: just the monetization side of things, this is a good
• 15:23
  Speaker 1: example of Twitter and X monetizing, and remember they haven't
• 15:27
  Speaker 1: really started to monetize yet completely.
• 15:30
  Speaker 2: Because it's very selective.
• 15:32
  Speaker 1: You have to have so many thousands of impressions over
• 15:35
  Speaker 1: a period of time versus what we've seen with things
• 15:37
  Speaker 1: like Warpcast.
• 15:38
  Speaker 2: Obviously, you guys know a little bit about.
• 15:40
  Speaker 1: Farcaster, But the point being is that the likelihood of
• 15:43
  Speaker 1: a shift moving out of these centralized social media's platforms
• 15:48
  Speaker 1: into a decentralized model is getting closer and closer. And
• 15:51
  Speaker 1: I think with what we're uncovering right now with meta,
• 15:55
  Speaker 1: this could be a big part of this. Here's another one.
• 15:57
  Speaker 1: This is the Firefly app. It's now live on chain
• 16:00
  Speaker 1: for social Fia. Again not large, this is lens protocol
• 16:04
  Speaker 1: now not large in the sense of adoption, and I
• 16:07
  Speaker 1: think this is the problem that we have right now
• 16:09
  Speaker 1: around some of these Web three social media platforms. Another
• 16:12
  Speaker 1: one to take a look at. You can kind of see,
• 16:14
  Speaker 1: let me kind of play this so you get a
• 16:15
  Speaker 1: little bit of an.
• 16:16
  Speaker 2: Insight of how it's being used.
• 16:18
  Speaker 1: But the cool thing is it's very X esque, meaning
• 16:22
  Speaker 1: it's got token integration, the potential of being able to
• 16:25
  Speaker 1: earn on it, as well as owning your own data,
• 16:28
  Speaker 1: all of that available.
• 16:29
  Speaker 2: If X could be able to do.
• 16:31
  Speaker 1: Something like this, this would be the natural evolution. Now
• 16:34
  Speaker 1: the question is whether or not Elon would go that direction.
• 16:37
  Speaker 1: I don't know, but this is where social media is going.
• 16:40
  Speaker 2: Guys.
• 16:41
  Speaker 1: Here is Arena. Arena is another social platform out there,
• 16:46
  Speaker 1: mostly in the Avalanche ecosystem. And if you look at
• 16:48
  Speaker 1: what they're doing right now, they just launched live streaming.
• 16:51
  Speaker 1: Why is this not available on x Why is this.
• 16:55
  Speaker 2: Not already there?
• 16:56
  Speaker 1: And of course there's emin right there from Avalanche point
• 16:59
  Speaker 1: being is that this might be the gateway to the
• 17:02
  Speaker 1: next generation of content creators and also content distribution. So
• 17:07
  Speaker 1: be on the lookout for all that good stuff.
• 17:09
  Speaker 2: We are eight right here.
• 17:10
  Speaker 1: This of course is getting into the whole idea of
• 17:13
  Speaker 1: where TikTok is going right now, because this is a
• 17:15
  Speaker 1: limitation that you have on centralized social media, which is
• 17:20
  Speaker 1: what TikTok is also being involved in what's going on
• 17:24
  Speaker 1: with by Dance and this whole band potential that has
• 17:26
  Speaker 1: even though it has been pushed back, the likelihood of
• 17:28
  Speaker 1: that being part of these terriffic negotiations with China is real.
• 17:33
  Speaker 1: So I want to go to this last clip. This
• 17:35
  Speaker 1: is Trump talking about an update on TikTok.
• 17:37
  Speaker 5: President, Where does a TikTok you'll stand given what we've
• 17:40
  Speaker 5: seen the territs of China.
• 17:42
  Speaker 7: Well, but obviously I would say right now, China is
• 17:44
  Speaker 7: not exactly thrilled about signing it. We have a deal
• 17:47
  Speaker 7: with some very good people, some very rich companies that
• 17:51
  Speaker 7: would do a great job with it, but we're going
• 17:53
  Speaker 7: to have to wait to see what's going to happen
• 17:56
  Speaker 7: with China. Yeah, it's on the very much I think
• 18:00
  Speaker 7: want to do it actually.
• 18:01
  Speaker 1: All right, so you have to think about what Trump's
• 18:04
  Speaker 1: intent here is, because he obviously has China in the
• 18:08
  Speaker 1: crosshairs around a deal that's going to be made on TikTok.
• 18:11
  Speaker 1: It's going to be made soon, whether it is Frank
• 18:14
  Speaker 1: McCort and his team, whether it is Amazon, Oracle Meta.
• 18:18
  Speaker 1: I mean, we see a lot of names in the
• 18:20
  Speaker 1: picture right now. This is going to be interesting because
• 18:25
  Speaker 1: if we can get it moving and I say if
• 18:27
  Speaker 1: we meaning the industry, if it can move stored toward
• 18:30
  Speaker 1: a decentralized model, this could be the very first real
• 18:36
  Speaker 1: major platform with lots of users that could literally start
• 18:40
  Speaker 1: the process of decentralized social media. You guys stick around
• 18:43
  Speaker 1: for that because we cover this a lot here on
• 18:45
  Speaker 1: the channel. Get in the Diamond circle. It is a
• 18:47
  Speaker 1: great place to get additional content from us and also
• 18:49
  Speaker 1: join our Telegram group, which is the link down below.
• 18:52
  Speaker 1: We only have one account over there, so check it out.
• 18:56
  Speaker 1: We use a leak down there you guys can use,
• 18:58
  Speaker 1: and of course follow me on x at Paul Barron.
• 19:00
  Speaker 1: We'll catch you next time right here on techpath.
• 19:09
  Speaker 3: Mm hmm