The yearslong battle over TikTok’s ownership has concluded in a $10 billion windfall for the Trump administration. On Friday, the Wall Street Journal reported that investors in the recently completed deal to create a US-controlled TikTok will pay the government the exorbitant sum for its role in helping broker the transaction. The fee is about 70 percent of the new US TikTok’s $14 billion valuation.
Finalized in January, the TikTok deal concludes a saga that began in 2019, when US politicians began raising alarms about the Chinese-owned app’s potential threat to national security. In 2024, President Joe Biden signed a bipartisan bill that required TikTok’s Chinese parent company, ByteDance, to sell the app or face a ban.
But Trump—despite being the first president to attempt such a ban—made “saving TikTok” one of his focal points in his second term, recognizing the app’s appeal with young voters. Trump’s solution? Transfer ownership of TikTok’s US operations to an American investor group led by one of his billionaire allies, Larry Ellison.
“Tik Tok bad for america! They can stay if they pay me money though!” /s
I didn’t think you actually need /s for that statement… That’s almost exactly what happened
He’s right. I’m sick of all the “winning.” And to think that his voters thought they would be the ones winning. Suckers and losers, I tell you.
When donvict talks about winning, he’s definitely talking about him and his crime family.
The Trump administration or the Trump personal bank account?
“they’re the same picture”
Well, Trump did pledge $10 Billion of US money to his Board of Peace, which is kind of his personal slush fund…
Soon EVERY media outlet will be captured by the Conservative Propaganda Machine.
Too late.
A few more deals like that and we’ll be able to afford this war! /s
