That quote is something else. If you needed more proof that venture capitalists are the most unintelligent people on Earth, look no more.
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The outrage against TikTok, even a chunk of the privacy concerns, are 100% moral panic. The way people argue against it is the exact same way parents argued against video games, televisions, cars, or literally anything an older generation does not understand the appeal of to a younger generation. It's been beyond disappointing to watch the millennial generation perpetuate the cycle, even if I should have expected it.
The number one concern I see is "it's shortening their attention spans!" and that's just the biggest pile of nonsense. Teens have short attention spans and you're not one anymore, so you should stop judging the behaviors of the younger generation from your current behavior. Hell, Vine was more conducive to short attention spans and I didn't see anywhere near the levels of outrage.
Though I did see a cop touch some tik tok and then he convulsed then passed out. When he woke up, he shot my dog.