▲ | smohnot 8 hours ago | |
TikTok has not been sold for $14B but Trump signed an executive order to transfer TikTok to US owners... for less than 1x it's US revenue. It reminds me of the oligarchs in Russia, license raj in India, privatization in Mexico etc… being close to political power lets folks buy up crown-jewel assets at a fraction of their true value. |