Congress is moving fast to force TikTok’s sale. Pa.’s Jeff Yass has an estimated $34 billion at stakeA trading floor at Susquehanna International Group's headquarters on City Ave. in Bala Cynwyd.
The Times and others say Susquehanna still controls an estimated 15% of ByteDance, which would be worth around $34 billion. Yass’ share in that total is the largest factor in estimates of his fortune, which Bloomberg recently estimated at around, TikTok is a dominant social media network in the U.S, with 26% of total viewership. Its advertising market share is less than half as much, as U.S. and Western European companies prefer to advertise on Facebook and other Western rivals.
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