In the pitched battle between TikTok and Washington, few people stand to lose more than Jeff Yass, an American billionaire options trader who has emerged in recent years as a major donor to Republican candidates and causes. Yass co-founded the Philadelphia-based trading firm Susquehanna International Group, which owns a 15% stake in TikTok’s China-based parent company, ByteDance. Yass’ personal share is 7%, worth roughly $21 billion.
Yass’ investment is under threat today, and the typically press-shy billionaire is taking fire from both the left and the right. Critics accuse Yass of bankrolling an army of lobbyists and orchestrating a bare-knuckle pressure campaign to protect TikTok — including by leveraging his nascent relationship with former President Donald Trump. Through a spokesperson, Yass declined to comment on this story. On Wednesday, the House is expected to pass bipartisan legislation that would force ByteDance to divest TikTok within a matter of months. President Joe Biden said that he would sign it into law if the bill wins Senate approva
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Shark Tank host offers to buy TikTok to make it ‘an American company’Kevin O'Leary said he would guarantee the safety of users, parents, and businesses on TikTok, should he choose to buy the social media app.
Lees verder »