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TikTok’s Parent Company CEO Believes Trump Ultimately Wants Video App To Disappear Indefinitely + Trump Gives His Inauguration Donor Microsoft Till September To Strike A Deal

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Trump threatened to ban the popular short-video sharing app - TikTok - over supposed national security concerns. Microsoft is reportedly in talks to acquire TikTok. If they don’t strike a deal by September 15th, the president said he’ll ban the app in the U.S. But, is he actually just helping out his donor friened who happens to the CEO of the Microsoft? More inside…

 

The future of the popular short-video sharing app, TikTok, in the United States is currently up in the air.

Last Friday, Trump announced that he will ban TikTok from operating in the United States allegedly due to national security concerns. The Trump administration believes TikTok and others are providing data to the Chinese government, which Beijing and TikTok deny.

"As far as TikTok is concerned, we're banning them from the United States," Trump said to reporters Friday.

Microsoft is currently in talks to buy the app from its Chinese-owned parent company, ByteDance. Trump warned that if Microsoft and ByteDance can’t strike a deal by September 15th, he’s going to ban the app in the U.S.

Oh, and get this…

Trump also wants the U.S. to get a slice of the TikTok sale price.

"The United States should get a very large percentage of that price, because we're making it possible," Trump said. "It would come from the sale, which nobody else would be thinking about but me, but that's the way I think, and I think it's very fair," he added.

Of course, payment to the U.S. Treasury would only further complicate negotiations.  Crooked politicians love kickbacks that they can make appear legit and "in our best interest as a country".   But only CERTAIN people are allowed to benefit from said policy and subsequent kickback - like friends of the President.  More specifically, the CEO of Microsoft, Satya Nadella.  It's no coincidence that Nadella/Microsoft donated to Trump's inauguration back in 2017. And it's no coincidence that Microsoft is the ONLY company we are hearing about that is trying to purchase TikTok's U.S. arm.  They very likely are not the only ones, but they're the only ones that we know of who had a meeting with trump about the purchase.  Why would the CEO of a tech company need to meet with the U.S. President - who claims he's so against "big government" getting involved in private matters?  It's also quite interesting that Trump's threats to "ban" TikTok are very bully-ish in nature, which sometimes leads to value skyrocketing (which it has) due to all the buzz, but the price bottoming out because a company feel desperate and pressured to sell quickly.

The perfect storm for a friend of the President to get a GREAT deal on acquiring a new multi-million dollar business for their portfolio, all without that business having to prove how they will magically make the app "more safe".

If this isn’t a dictatorship….

In a memo written to TikTok employees (obtained by CNN Business), ByteDance CEO Zhang Yiming said the company "feels like" the US government's goal is "not necessarily a forced sale" of TikTok, "but given the current macro situation, a ban or even more.” 

ByteDance CEO believes Trump wants TikTok to disappear indefinitely.

"Many people are angered by some of the actions of the current US government, and this results in a lot of personal criticism of me. However, many people misunderstand the current, complex situation," Zhang wrote.

"In countries, such as the United States, in the current environment some politicians have forcefully attacked China, and in turn, Chinese companies, making it difficult to have a thoughtful and nuanced conversation about complex situations," he wrote.

Zhang motivated his employees to continue working on improving the app and to continue to protect customers’ security.

"This helps us win trust around the world with users, and also helps people better understand our complex and unique story as a global company with Chinese founders," he wrote.

There were rumors that Apple was named as a potential buyer for the embattled social network. An Apple spokesperson confirmed to AXIOS that the company has no interest in acquiring the app. Honestly, Trump would likely overstep and attempt to shut them down from doing so anyway to give his friends at Microsoft some leverage.

AXIOS broke down how Trump requesting the U.S. get a cut is a form of extortion:

President Trump said twice yesterday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Trump has claimed that his threats to ban TikTok, and the furious M&A process it spawned, are based on national security concerns.

But, this is inconsistent with requiring payment for deal approval, even if such a thing were legal. Either a sale agreement satisfies national security criteria or it doesn't.

Context: This is a bit reminiscent of how Huawei was used as a chip in U.S.-China trade negotiations, as if its perniciousness waxed and waned with the number of soybeans China agreed to buy.

You’ll recall, Trump’s threat to ban TikTok comes a few weeks after reports suggested TikTok users sabotaged his rally in Tulsa in June.

Did the Microsoft CEO and Trump come up with a plan to threaten to ban ownership did change hands, so Microsoft had a better chance at buying it at probably a lower price as well?

Anyone else concerned we’re in the middle of a pandemic and Trump is putting all his attention into banning a social media app rather than leading the country? There's ways to address supposed privacy issues without creating a circus around one app.

We hate it here.

 

Photo: Ascannio/Shutterstock.com

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