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Steve Bannon Suggests Donald Trump Has Been Bought by Billionaire Tiktok Investor/GOP Donor
A bipartisan bill put forward by members of the House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party last week would work to "incentivize divestment of TikTok" by ByteDance by blocking it from appearing in American app stores and granting Executive Branch authority to take similar action in the future against social media companies operated by a "foreign adversary."Lawmakers on the House Committee on Energy & Commerce advanced the legislation last week in a 50-0 bipartisan vote to the full U.S. House of Representatives.
Despite his past stances in favor of action against TikTok for its Chinese ties, Trump, the leading candidate for the 2024 GOP presidential nomination, wrote in a Truth Social post on Thursday that he opposed the recent bill, [suggesting that Facebook would gain if Tiktok loses, and Facebook is a "true Enemy of the People!"]
In response to this post, reports noted that the seeming shift in stance from Trump came after a meeting with Jeff Yass, a conservative hedge fund manager who has a $33 billion stake in TikTok. Yass, according to Intelligencer, has been allegedly threatening to pull support from GOP lawmakers who back the bipartisan divestment bill.
See also from 2020:
TikTok will be banned tomorrow
Trump says he will ban TikTok through executive action as soon as Saturday ...well. This is sudden. I can kind of almost agree with this, except I don’t see why he won’t just let Microsoft buy the app - seems like that would be a great way to solve the problem without nixing a popular service...
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Trump plans to ban TikTok in US report says
Trump plans to ban TikTok in the US, report says President Donald Trump said late Friday that he planned to ban TikTok from the US. The action could come as soon as Saturday. "As far as TikTok is concerned we're banning them from the United States," Trump told reporters on Air Force One...
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Pompeo warns TikTok users' personal info could be going 'directly to the Chinese Communist Party'
From the article. Pompeo called out top tech leaders who claimed that they were unaware that Chinese are trying to steal American intellectual property Secretary of State Mike Pompeo supported President Trump's proposed ban of social media phenomenon TikTok, explaining to Fox News' "Sunday...
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