Former Trump Treasury Secretary Steven Mnuchin forming investor group to buy TikTok

https://lemmy.world/post/13119731

Former Trump Treasury Secretary Steven Mnuchin forming investor group to buy TikTok - Lemmy.World

This is named “nationalizing” and was what Venezuela did with their oil industry.

It’s sort of similar, but the US government isn’t seizing TikTok. It, when the legislation is signed, will force sale to a US entity or otherwise prevent the usage in the United States.

ByteDance will probably get somewhat close to fair market value for the application, after all of the lawsuits and legal challenges are over with

I would LOVE to see the dumpster fire that TikTok owned and run by the U.S. Government would be