Anonymous20 days ago
The Trump administration is set to receive roughly $10 billion from investors who purchased control of TikTok's U.S. operations, a fee that historians and legal experts call unprecedented for a government brokering a private-sector transaction. The deal, which created a majority American-owned joint venture while allowing ByteDance to retain 19.9% ownership and its core algorithm, has drawn lawsuits alleging violations of federal law and conflicts of interest involving administration-allied investors.