TikTok: Little Help from Trump’s friends

“Crony Capitalism has reached a new low,” said David French in New York Times. After months of tangling Congress2024 TikTok ban revealed President Trump last week a deal with the Chinese owner of the video app, Bytapan, which does not resolve national security concern and Places another media outlet in the hands of “his billionaire allies.” The US investor group that will own about 80% of TikTok includes Oracle and the venture capital company Andreessen Horowitz, led by prominent Trump supporters Larry Ellison and Marc Andreess. Rupert Murdoch and his son Lachlan, Trump claimed, would also have an effort. This consortium will licensing the recommendation algorithm used by the prey dance to keep TikTok users browse – quickly ignores a law that prohibits all cooperation with prey dance to run Tiktok’s algorithm. Keeping Beijing’s hands from the sensitive data from about 170 million American users now “seems to be less important for Trump” than feeding their new Spoil system.

Ellison, who has been “careful kind to Trump,” is on a role, said Clare Malone in New Yorker. The Teltok Deal adds to “Emerging Media Conglomerate” gathered by the 81-year-old technical mogul and his son David, who have acquired Paramount– Owners of CBS – and reportedly sets a $ 80 billion bid for CNN owner Warner Bros. Discovery. This means that Ellisons can “own a film studio within weeks, several TV streamers, two news networks and have a significant proportion in the world’s fastest growing social media platform.” This is how regimes in other recurring democracies have suffocated freedom of the press, said Paul Starr in The American prospect: Not through direct state takeover but by allowing regime -friendly oligarchs “to drive media on behalf of the regime.” ELON MUSICPurchase of Twitter and “Rupert Murdoch‘s existing influence surgery “has already created a more trump -friendly info sphere. Now the ellisons are beating.