this post was submitted on 15 Mar 2026
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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.

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[–] areakode@riskeratspizza.com 4 points 18 hours ago (1 children)

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.

[–] CharlesDarwin@lemmy.world 2 points 13 hours ago

When donvict talks about winning, he's definitely talking about him and his crime family.

[–] melsaskca@lemmy.ca 9 points 23 hours ago (1 children)

"Tik Tok bad for america! They can stay if they pay me money though!" /s

[–] Jesusaurus@lemmy.world 8 points 22 hours ago

I didn't think you actually need /s for that statement... That's almost exactly what happened

[–] BarneyPiccolo@lemmy.today 17 points 1 day ago (1 children)

Soon EVERY media outlet will be captured by the Conservative Propaganda Machine.

[–] alpha1beta@piefed.social 10 points 1 day ago
[–] thefluffiest@feddit.nl 17 points 1 day ago (2 children)

The Trump administration or the Trump personal bank account?

[–] frunch@lemmy.world 15 points 1 day ago

"they're the same picture"

[–] dhork@lemmy.world 6 points 23 hours ago

Well, Trump did pledge $10 Billion of US money to his Board of Peace, which is kind of his personal slush fund....

[–] Morphite88@thelemmy.club 2 points 1 day ago

A few more deals like that and we'll be able to afford this war! /s