Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal

Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal The Trump administration is poised to receive roughly $10 billion in payments from investors involved in the recently completed transaction to take control of TikTok’s U.S. operations, delivering an unusual financial windfall tied to the government’s role in keeping the popular social-media platform active in the United States. ByteDance is the Chinese parent of TikTok. John G Mabanglo/EPA/Shutterstock T...

By Tyler Durden