Even dictators in other countries don't make it so obvious because they're worried their populations would revolt, which says a lot about the American voter today.
None of Tiktok's executives were present, and China has not confirmed the sale. So, I don't think clown's EO means anything. He's living in his own la la land :-)
Before people jump to conclusions, if you look at the details there seems to be a plan for a major profit sharing and licensing agreement with Bytedance. The numbers floated around are that 50% of the profit would go to Bytedance plus.
This would significantly impact its valuation to outside investors.
IIRC previous talk for TikTok US valuations / buyout was ~40B. But Tiktok was at ~20% Bytedance / PRC ownership before and after. US ownership to boost from 60-80%. So not really sure who this is boning more.
It's all a grift. The cynic in me says that if you looked close enough, you'd find some large deposits into Trump coin or World Liberty Finacial shortly before this announcement.
This is a straight up giveaway to friends.
Even dictators in other countries don't make it so obvious because they're worried their populations would revolt, which says a lot about the American voter today.