Mar 14 • 00:09 UTC 🇪🇸 Spain El País

The United States will receive 10 billion dollars in commission for the TikTok deal

The U.S. government will receive a $10 billion commission from the sale of TikTok's U.S. operations to American investors, according to a report.

The United States government is set to earn a substantial commission of approximately $10 billion following a deal that saw American investors acquire TikTok's U.S. business from its Chinese parent company, ByteDance. This arrangement was influenced by previous administration pressures, particularly during Donald Trump's presidency, where the U.S. government mandated that TikTok's local operations be sold off to American firms due to national security concerns surrounding data privacy and foreign control of the highly popular platform.

Reports indicate that the deal came about after years of lobbying and threats from the Trump administration to ban TikTok in the U.S. if its ties to China were not severed. This strategic move allowed the social media app to continue operating within the U.S. under local ownership, ensuring its accessibility to millions of American users while addressing concerns over the potential misuse of user data by a foreign government. The negotiations and finalization of such a deal underline the broader geopolitical tensions between the U.S. and China, particularly in the tech industry.

As the setup unfolds, many are now scrutinizing the implications of this financial commission, which has raised questions regarding the ethicality of government intervention in private sector dealings. Additionally, the involvement of close allies of the Trump administration in the acquisition process may lead to further debates on cronyism and fair market practices in the business environment. This situation places TikTok at the center of a broader narrative encompassing globalization, technology regulation, and the influence of government on corporate governance in America.

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