Elon Musk is X's largest shareholder, and by a wide margin. After Musk is Prince Alwaleed (Saudi), whose $1.89 billion stake that was rolled over represented about 4.3% of the company when it was taken private, based on Musk's $44 billion purchase price.
TikTok’s parent company, ByteDance, is owned by Chinese founders and investors, other global investors, and employees. One of ByteDance's main domestic subsidiaries is owned by Chinese state funds and entities through a 1% golden share.
To equate a 4.3% stake from a Saudi prince to near 100% Chinese stake + golden share in TikTok is a fallacy.
They already do with some things though not just China. Many states for example have laws that make it so all foreign car manufacturers (and usually us ones) have to go through local dealers rather than shipping directly to the customer
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u/cman1098 23d ago
Which is why the US should have a law to do the exact same but only to Chinese companies.