• Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
Federal Character
No Result
View All Result
Federal Character
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
No Result
View All Result
Federal Character
No Result
View All Result
Home News
TikTok Agrees To $400m Settlement Over US Children’s Privacy Violations

Trump Hands TikTok to Billionaire Friends at Rock-Bottom Price

Eriki Joan UgunushebyEriki Joan Ugunushe
11 months ago
in News
Reading Time: 2 mins read
A A
0
Facebook ShareWhatsapp ShareX Share

Trump hands TikTok to U.S. investors at rock-bottom price, and the deal is being dressed up as a national security victory. A platform that was once valued at over $30 billion has now been marked down to just $14 billion, less than half the estimates given by analysts only months ago. That isn’t a win, it’s a bargain giveaway to a handful of billionaires who just happen to stand close to Trump.

Table of Contents

Toggle
  • The Politics Behind the Deal
  • The Billionaire Friends Cashing In
  • China Still in the Shadows
  • A Deal That Changes Nothing but Ownership

The Politics Behind the Deal

For Trump, TikTok has always been more than an app. It is both a political weapon and a stage. With over 170 million American users and 15 million following his personal account, TikTok gives him direct access to a young, restless audience. By forcing a sale and keeping the platform alive under U.S. ownership, Trump secures both his political relevance and his claim that he alone can “protect American data.” But if you strip away the sentiment, the bigger winners are the investors lined up to scoop TikTok for cheap.

The Billionaire Friends Cashing In

This is where the story turns ugly. The names floated around the deal aren’t random. Michael Dell, Rupert Murdoch, Oracle, Silver Lake, all powerful, all politically connected. By valuing TikTok at $14 billion, Trump has effectively handed them a once-in-a-generation tech asset at a clearance price.

China Still in the Shadows

Despite all the White House fanfare, the deal doesn’t fully cut China out. Reports in Chinese media suggest ByteDance will still set up a new U.S. company and remain tied to revenue streams and operations. Even if ByteDance officially holds less than 20%, control is never only about shares; it’s about algorithms, data, and influence. Trump may have signed an order, but the real question is whether the Chinese side has truly let go or whether this is just a restructuring that makes it look American while keeping hidden strings attached.

How does an app worth over $30 billion suddenly drop to $14 billion under U.S. The White House has not explained its numbers, and nobody seems willing to admit how they got there. By setting the value so low, Trump ensures that his chosen circle of investors can enter the deal without breaking a sweat. If anything, it looks less like a tough negotiation with China and more like a sweetheart deal for his allies.

A Deal That Changes Nothing but Ownership

When you peel back the layers, this is what remains: Trump hands TikTok to U.S. investors at rock-bottom price, and the American public is told to clap for a victory. Yet the app will look the same, the algorithm may still be tied to China, and the only visible change will be the billionaires smiling behind closed doors. The coronation of investors is complete, and the cost was billions shaved off TikTok’s value.

Tags: Businessfederal characterForeign NewsNewstiktoktrump
Share234SendTweet146
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Stories

Delta Flight Diverted After Captain Hospitalized: What Happened

Delta Flight Diverted After Captain Hospitalized: What Happened

byFed Editor
0

A Delta Air Lines flight was forced to make an emergency diversion after the captain became incapacitated and was rushed to a hospital, according to reports. The incident...

Global Cybercrime Crackdown: 58 Arrested in 22-Country Operation

Global Cybercrime Crackdown: 58 Arrested in 22-Country Operation

bySomto Nwanolue
0

Law enforcement agencies from 22 countries have arrested 58 individuals and identified 263 suspects linked to cybercrime networks coordinated by African crime groups, Interpol announced. The "Operation Jackal...

NYC Grocers Sue Mamdani Over City-Run Stores, Citing Unfair Competition

NYC Grocers Sue Mamdani Over City-Run Stores, Citing Unfair Competition

byFed Editor
0

A coalition of immigrant-owned grocery store and bodega owners has filed a lawsuit against Mayor Zohran Mamdani and the city to block his plan to open five government-subsidized...

Maryland Family Rations Baths, Delays Laundry as Water Bills Hit $1,000

Maryland Family Rations Baths, Delays Laundry as Water Bills Hit $1,000

byFed Editor
0

For one family in Western Maryland, higher water costs are reshaping ordinary routines, from baths to loads of laundry. Jared and Liz Morgan are raising their family on...

Next Post
Why Has the UN Never Had a Female Chief?

Why Has the UN Never Had a Female Chief?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Federal Character

We bring to you precise and factual news.
Towson, Baltimore, Maryland, USA

Recent Posts

  • ​Trump Renames Lake Ontario to ‘Lake America’
  • “She Looks Like a Living Painting”: The Internet Reacts to Cardi B’s Vogue Cover
  • UEFA to open criminal investigation against Infantino for failed FIFA deal

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Sports
  • Tech

Weekly Newsletter

  • Home
  • About Federal Character
  • Advertise With Us
  • Cookie Policy
  • Sitemap

Copyright © FederalCharacter.com 2026 .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us

Copyright © FederalCharacter.com 2026 .