March 14, 2024 | Meek Resistsky | 1 Comment Like most positions he takes, Donald Trump’s stance on TikTok‘s potential security threat is purely transactional. After threatening to ban the app for most of his first term, including an attempted executive order, Trump is suddenly keen on the social media platform, once millionaire donors have come into the mix. This all despite a looming bipartisan bill to outright ban TikTok, supported by several notable Republicans. “He figures there’s more money on TikTok’s side for him than there would be in opposing it,” Rep. Jamie Raskin (D-Md.) In light of suggestions of a TikTok restructure that would have it under more American control, the CEO of Oracle has apparently tried to curry favor for a potential piece of the pie. Safra Catz donated $125,000 to the Trump Victory committee and threw Trump a highbrow fundraiser event for the second-time candidate. But others already have a direct stake in this debate. Jeffrey Yass, a multi-millionaire and major donor to the conservative Club for Growth, himself has a 15% share of ByteDance – the parent company of TikTok. As the Club for Growth reconciles with Trump, Yass has enlisted Trump acolyte Kellyanne Conway to push back on the TikTok ban Trump’s TikTok flip raises concerns over billionaire clout (Politico) Who is Jeff Yass? The billionaire donor with investments in TikTok’s parent company (NBC News)