Trump Administration Gains $10B from TikTok Deal
Hip-Hop News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Trump Administration Set to Gain $10 Billion from TikTok Deal, Sparking Impeachment Calls
The Trump administration is poised to receive a $10 billion payment from the sale of TikToks US operations, with US investors Oracle, Silver Lake, and Abu Dhabis MGX taking over from the Chinese parent company ByteDance. The deal, which has been in negotiation for months, has sparked outrage and calls for Trumps impeachment, with critics arguing that the governments involvement in the transaction is unusual and raises questions about how the government handles fees from business deals.
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