TikTok Sale “Deal” Sparks Corruption Concerns and Right-Wing Fears
According to US Treasury Secretary Scott Bessent, the US and China have finalized a deal to transfer TikTok’s US operations to new ownership, with details agreed upon in Madrid and awaiting finalization between leaders. The deal, part of a broader trade framework, follows a September executive order by Trump facilitating US-based ownership with American investors holding a majority stake. This transfer, valued at approximately $14 billion, will see new investors oversee the app’s algorithm and control the majority of board seats. The agreement is expected to be formalized during a meeting between Trump and Xi Jinping, where trade balance and the fentanyl crisis will also be discussed.
John Q. Hosedrinker 
Matt Underwood