It’s doesn’t. Trump signed an executive order to essentially ban TT in ‘20 using economic emergency powers and was immediately shot down in the courts.
Elon only has to say he is interested to be a credible buyer since he has the money. Trump himself could claim it as he now has his Trumpcoin money ( which is funny money, but so what)
It’s already back online and Trump isn’t even president. This whole thing is a stunt. If Trump starts overriding laws it means we don’t have laws anymore.
1. A path to executing a qualified divestiture of TikTok from its Chinese parent company, ByteDance...
2. Significant progress toward executing such divestiture has been demonstrated.
3. Binding legal agreements enabling the divestiture during the extension period have been secured
But tomorrow is going to be worse. Zuck can generate weaponized AI bot farms at scale and the deepfakes are going to zap our brains probably. We will find out soon.
Every day after tomorrow will be markedly worse than the day before so long as Trump and anyone associated with him has any power in our government. This is the beginning of a dark spiral into an oligarchic kakistocracy.
He’s pandering to Jeff Yass. Merging with Truth Social, taking it public, pumping the stock and manipulating the value has come full-circle. Trump is paying his depts. He’s owned by two major billionaires. Crazy times..
I’m. See SCOTUS (soon to include Aileen Cannon) We have no one to respect the Constitution. Democracy dies tomorrow and the kleptocracy feeding frenzy begins. Would have been cool if you had used your power for good when it mattered, instead of kissing Elon’s ass
Just think how many unconstitutional and stupid propositions we are going to listen to in the coming years... we do NOT need/want the government owning a social media company.
Maybe. But in the same paragraph where he refers to US ownership, he says “without US approval” and “with our approval,” implying gov’t regulation along with ownership. If so, it would be/should be challenged in the courts. Bad whether it’s gov’t owned or Elon (or some other sycophant) owned.
They spent $200B to buy equity shares in banks during TARP. W Bush wanted to have social security buy stocks. Fannie Mae and Freddie Mac were nationalized.
It would be a VERY dangerous precedent, but I don’t think this is like literally impossible.
Why does TikTok matter? It’s a product like any other. We didn’t have it ten years ago. If we embargoed some other product, nobody would care. Can’t our own amazing tech billionaire bros create an equivalent that is not open to hostile government interference?
A joint venture proposition is a no brainer to get around the current ownership conditions. That said, the issue will remain control and reach of information. It was djt who first banned TT in response to people rallying there against him.Now,he sees an opportunity for his propaganda. Stay vigilant
Yeah China will not take a bad deal for TikTok. They will get something more valuable that will cost the world much while Trump and Co line their pockets. They will trash humanity as long as they have a rocket to mars for the billionaires and some breeders.
China doesn’t own TikTok. WHERE HAVE YOU BEEN? like what? The US already owns more of Tiktok than China does. China owns 1%.
60% of its parent company ByteDance Ltd. is owned by global investors, 20% by its co-founders and 20% by employees, including thousands of American citizens.
Is there a scenario where TikTok just says, nah, we’re good and leaves it dark in the US rather than give the platform to Elmo on unfavorable terms? Trump only wants to turn the lights back on Monday to keep the user base from leaving (the only actual value)
He means 50% owned by the United States and 50% owned by private entity(ies). You're giving him too much credit for understanding how the First Amendment is implicated by that.
This is how the mob works, harass a business, take a "protective" ownership role, bill it for personal gain.
Trump approved US ownership is more dangerous than China
The irony of fear that the Chinese are gathering info about Americans and spreading propaganda via TikTok ownership, while Musk and Zuck are doing the same on X and Meta is 🤯. And, oh yeah, they've made/are making trillions selling Americans' info to fund their oligarchy rule ... over Americans.
Amazing how we can take a creepy, squirm-inducing nerd with the world's worst haircut (you'd think a billionaire could afford a stylist), then give him a home perm and a gold chain and turn him into Douchemaster Z, and the end result is he's creepier than ever, a skeevy CosPlay Gangsta.
Trump doesn’t mean the United States having 50%. Trump means Trump having 50%. He’s in the beginning stages of the Putin plan of using the law to force companies to give him money and control
But that second paragraph; does he think people want to watch his inauguration on TikTok or that we’ll skip it over our angst over its loss? #narcissismmuch
He thinks TikTok is worth trillions of dollars? Wow, and all this time I've been tuning in to my 30 minutes of free Bloomberg just for masochism, I guess?
Think bigger Kara. You are thinking pre-SCOTUS coup.
There is no can’t in an oligarchy supported by the courts, a legislature, and most states.
There is certainly a possibility that MAGA would want to have a government run media company just like RT, and would be willing to fund it with tax $$$
So Dear Leader Porn Star Humper will single-handedly overturn a signed law and a SCOTUS decision. OK, again I shall ask: What other decisions can Dear Leader overturn on a whim?!? If you kowtow and give him this one, THE ANSWER IS ANY OF THEM. The Roberts Court is a cruel joke.
Comments
If Trump asks for the ban to be lifted for 90 days, the Supreme Court will support him, even if you are correct in the letter of the law.
1. A path to executing a qualified divestiture of TikTok from its Chinese parent company, ByteDance...
2. Significant progress toward executing such divestiture has been demonstrated.
3. Binding legal agreements enabling the divestiture during the extension period have been secured
Don't trust anything by him. Elon is even worse. Nothing but lies by those two men
There is no one around Donald who will explain reality to him.
We are headed to a really strange place.
The $GrifterInChief.
That I’m even asking is terrible
It would be a VERY dangerous precedent, but I don’t think this is like literally impossible.
Trump and Xi would see this as a win-win
60% of its parent company ByteDance Ltd. is owned by global investors, 20% by its co-founders and 20% by employees, including thousands of American citizens.
This will not be a war that we start, but we will finish it
Trump approved US ownership is more dangerous than China
I wish that were hyperbole.
And assuming a 50% stake, the government will have a say over content policy which is really not all that comforting.
why did we lionize them so fucking much?
i feel bamboozled by journos on this front.
There is no can’t in an oligarchy supported by the courts, a legislature, and most states.
There is certainly a possibility that MAGA would want to have a government run media company just like RT, and would be willing to fund it with tax $$$
The best deal for Trump wins.
He really is a real life Rumpelstiltskin.
#Trumpelstiltskin Don’t know why it took me so long to coin that one!