Comment by adithyan-rk
10 hours ago
What does "annulment" even mean once the deal has closed? The weights, IP, and engineers are already inside Meta. Beijing can force the founders to sign whatever they want, they're physically there, but you can't claw back code that's already been integrated. This is a signaling move. The real impact is on the next deal: any China-origin founder eyeing a Singapore or Delaware flip now has to price in "state summons you home" as a real risk. India had a softer version in 2022–23 when RBI rules pushed PhonePe, Groww, and Razorpay to reverse-flip back before IPO.What does "annulment" even mean once the deal has closed? The weights, IP, and engineers are already inside Meta. Beijing can force the founders to sign whatever they want, they're physically there, but you can't claw back code that's already been integrated. This is a signaling move. The real impact is on the next deal: any China-origin founder eyeing a Singapore or Delaware flip now has to price in "state summons you home" as a real risk. India had a softer version in 2022–23 when RBI rules pushed PhonePe, Groww, and Razorpay to reverse-flip back before IPO.
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