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BumRushDaShow

(129,049 posts)
Thu Mar 14, 2024, 10:44 AM Mar 14

Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok

Source: AP

Updated 10:19 AM EDT, March 14, 2024


Former U.S. Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn’t sell its stake.

TikTok, which has more than 170 million American users, is a wholly-owned subsidiary of Chinese technology firm ByteDance Ltd.

Speaking on CNBC’s “Squawk Box,” Mnuchin said Thursday that he believes TikTok should be sold. “This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China,” said Mnuchin.

Mnuchin, the U.S. Treasury secretary under President Donald Trump, didn’t provide details on who else may be included in the investor group he plans on forming or TikTok’s possible valuation. TikTok did not immediately respond to a request for comment.

Read more: https://apnews.com/article/tiktok-mnuchin-house-senate-ffdf37776e63a09bb6966d741df7093b

36 replies = new reply since forum marked as read
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Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok (Original Post) BumRushDaShow Mar 14 OP
That asshole? FSogol Mar 14 #1
. dalton99a Mar 14 #2
Extra credit for finding and posting that iconic pic BumRushDaShow Mar 14 #6
LOL. The hair and, especially, the gloves. This trophy wife is 18 years his junior. PSPS Mar 14 #24
The gloves are to protect her from contamination by him, not by the filthy lucre. nt hay rick Mar 14 #29
Steven Mnuchin's Wife Louise Linton Made a Movie About a "Bisexual Sociopath" Who Eats a Man's Balls Celerity Mar 15 #34
Type casting? LudwigPastorius Mar 16 #36
I would imagine there might be a lot of right-wing billionaires that walkingman Mar 14 #3
Hahahahahahahahahahahahahahahahahahahahaha!!! marble falls Mar 14 #4
Oh greaaat. Another RW extremist billionaire asshole owning another giant social media CousinIT Mar 14 #5
What could go wrong? Besides everything. But other than that. Kennah Mar 14 #30
He was just on CNBC LYING about the Trump debt, saying it was beginning to be paid down.. CousinIT Mar 14 #32
So it will become Trump Social with music? viva la Mar 14 #7
And lots of videos!!! BumRushDaShow Mar 14 #8
Videos of Trump dancing! viva la Mar 14 #17
They will be the best videos BumRushDaShow Mar 14 #18
Investor group???? Traildogbob Mar 14 #9
We would be better off with China. Autumn Mar 14 #10
A Chinese App which harvests personal data? Owned now by American interests? Sounds like . . . Journeyman Mar 14 #11
Maybe he can get another jet ride UpInArms Mar 14 #12
This should tell you all you need to know about the real reason tik tok is u der attack. drray23 Mar 14 #13
Exactly. mzmolly Mar 14 #16
So Repuke propaganda will replace Chinese propaganda... kysrsoze Mar 14 #14
Elon? mzmolly Mar 14 #15
So, is this the real reason for the TikTok vote, rather than AllyCat Mar 14 #19
They are looking to control social media. Voltaire2 Mar 14 #21
Well at least it's not CHINA!!!!!!! Voltaire2 Mar 14 #20
China is not subject to U.S. law. Qutzupalotl Mar 14 #22
Maybe the U.S. government should just seize it... littlemissmartypants Mar 14 #23
Even that would be better than rolling over. nt Qutzupalotl Mar 14 #25
I couldn't agree more. Let the snowflakes throw their temper tantrums. littlemissmartypants Mar 14 #33
That is better? LiberalFighter Mar 14 #26
Why can't there be a progressive, liberal, organization to gather investment funds. LiberalLovinLug Mar 14 #27
If you can't beat 'em, buy 'em. The Grand Illuminist Mar 14 #28
Who will be the power behind the algorithm? hay rick Mar 14 #31
Is there some rule that large social media companies must be owned by a total asshat? LudwigPastorius Mar 16 #35

Celerity

(43,388 posts)
34. Steven Mnuchin's Wife Louise Linton Made a Movie About a "Bisexual Sociopath" Who Eats a Man's Balls
Fri Mar 15, 2024, 11:02 PM
Mar 15


Her character is “addicted to a variety of things—mainly cocaine, Champagne, excessive exercise, expensive shoes, and indescribable violence.”

https://www.vanityfair.com/news/2021/01/louise-linton-me-you-madness



Remember Louise Linton? Third wife of ex-Treasury secretary Steven Mnuchin? Landed in a little hot water back in 2017 when she posted a glamour shot to Instagram of her getting off a government jet with all the designer clothing on her person hashtagged (#hermes, #valentino, #roulandmouret, #tomfordsunnies)? Flew off the handle, 21st-century Marie Antoinette–style, after a commenter wrote “glad we could pay for your little getaway,” and responded by basically implying the woman was a poor slob who earned less in a year than Linton and her husband paid in quarterly taxes? A scandal that was preceded by one in which she self-published a memoir about her gap year in Africa that was widely mocked as a stereotype-laden “white savior” fantasy, resulting in calls for Zambia to demand an apology from Scotland, where Linton was born and raised? Subsequently apologized a few times and then basically flew under the radar, save for the time she posed with a sheet of cash at the Bureau of Engraving and Printing in long black leather gloves and an expression that read as “paper money is for poor people; I only pay for things using gold bars”? Well, she’s back.

Specifically, she’s back with a movie she wrote and starred in, alongside Gossip Girl’s Ed Westwick, called Me You Madness. The movie, to borrow a phrase, has everything. Diamonds. Spider sex. Spin classes. Vintage Mustangs. Knives. Fight scenes. Curling irons as weapons. Theraguns (also as weapons?). The line: “I think I’m going to disembowel this kid and kill him.” A possible wedding. A dinner, according to The New York Times, whose reporter has seen the yet-to-be-released film, featuring a menu of testicles. A “drug-fueled poolside orgy.”

On Thursday, Linton dropped the trailer, which begins with a voice-over in which she tells viewers: “My name is Catherine Black. You may think that I’m a materialistic, narcissistic, self-absorbed misanthrope. I don’t deny it. I’m a hedge fund manager. I’m addicted to fashion, the accumulation of money, exercise, and sex. My life is incredible.”



Hmm, a hedge fund manager who loves fashion and money and is seen by some as materialistic and self-absorbed? Is it possible this work of art is autobiographical in nature? A sort of response to her haters? (In one scene Catherine says, “It’s not nice to judge other people...Let’s all just be a little kinder to one another.”) Absolutely not, why would you even think that? “It’s not that at all,” Linton told the Times. Brooks Barnes, who saw the film, has more detail about the totally-not-autobiographical character Linton plays, who, in addition to fashion and sex, is addicted to “cocaine, Champagne, excessive exercise, expensive shoes, and indescribable violence.”



snip

walkingman

(7,620 posts)
3. I would imagine there might be a lot of right-wing billionaires that
Thu Mar 14, 2024, 10:50 AM
Mar 14

would be interested in a platform that has the ability to influence so many young people.

CousinIT

(9,245 posts)
32. He was just on CNBC LYING about the Trump debt, saying it was beginning to be paid down..
Thu Mar 14, 2024, 03:07 PM
Mar 14

....before COVID hit.

COMPLETE BULLSHIT.




Steven Rattner:

Today on CNBC, Steven Mnuchin: "We had a debt pre-COVID that we were beginning to pay down."

Once again, complete fiction.

Traildogbob

(8,744 posts)
9. Investor group????
Thu Mar 14, 2024, 11:07 AM
Mar 14

ie: Saudi Arabia. Time for the Mooch to return the billion dollar donation he got from bone saw, to laundry cash to Buy TIC TOC for a Saudi propaganda platform. Does 9/11 ring a bell for all the Saudi paid for puppets? Asking for a few thousand family survivors.

Journeyman

(15,033 posts)
11. A Chinese App which harvests personal data? Owned now by American interests? Sounds like . . .
Thu Mar 14, 2024, 11:11 AM
Mar 14

another volunteer opportunity for citizens to contribute to DARPA-controlled Total Information Awareness programs.

https://www.aclu.org/documents/qa-pentagons-total-information-awareness-program

drray23

(7,633 posts)
13. This should tell you all you need to know about the real reason tik tok is u der attack.
Thu Mar 14, 2024, 11:20 AM
Mar 14

It is a platform that is heavily used by gen-z who tend to lean democratic. Shut it down to piss them off so they don't vote for President Biden, or else just buy it and have it controlled by a group of RW oligarchs. Start pumping misinformation and control the message.

The argument that the Chinese are using this app to siphon information and its an imminent danger seems pretty thin. 55 dems voted against that bill, including Jerome Nadler the ranking member of the house intelligence commitee.

Any other issue that TikTok has ( misinformation, etc..) is shared by the other media platforms.


The efforts to force tiktok to be sold is just another attempt by the Right wing to control the message and sadly, many democrats fell for it.

kysrsoze

(6,021 posts)
14. So Repuke propaganda will replace Chinese propaganda...
Thu Mar 14, 2024, 11:20 AM
Mar 14

and the company will also try to rip off its users as much as humanly possible. Why is this fuckface not in prison?

AllyCat

(16,187 posts)
19. So, is this the real reason for the TikTok vote, rather than
Thu Mar 14, 2024, 11:51 AM
Mar 14

Looking at all social media? They are looking for something to buy?

Qutzupalotl

(14,313 posts)
22. China is not subject to U.S. law.
Thu Mar 14, 2024, 12:03 PM
Mar 14

One can argue that a faceless group of American oligarchs isn't either, but that's a separate issue.

We simply don't know and can't track what China is doing with our info. TikTok appears to be amplifying dissent about Biden, boosting manipulated videos questioning his age and fitness. We can only speculate why.

A sale to an entity in the U.S. before the election would be a good thing, IMO. But a lot depends on who is buying.

littlemissmartypants

(22,667 posts)
33. I couldn't agree more. Let the snowflakes throw their temper tantrums.
Thu Mar 14, 2024, 03:10 PM
Mar 14

They want totalitarianism after all. Let them have it with both barrels. Figuratively speaking of course. Though the alternative is tempting.

I'm sick to death of idiots. Can you tell?



Thanks for your reply, Qutzupalotl.



❤️

LiberalLovinLug

(14,174 posts)
27. Why can't there be a progressive, liberal, organization to gather investment funds.
Thu Mar 14, 2024, 01:45 PM
Mar 14

Where a big influencial company like that can be bid on and bought?

There could be a detailed mission statement so folks would know what they are backing. With assurances of weeding out the racist, sexist, and all misinformation. There could be vote percentage to pick a CEO etc, based on your investment. Having a ceiling on that perhaps.

Sometimes I think that, yes, these people have billions. No doubt Mnuchin stole a lot of that investment money while in Trump's inner circle while he was in power. The guy has always creeped me out.

But if millions, worldwide even, got together with small donations, maybe added to some wealthier sane wealthy folks like Soros or Buffet's contribution, it would be the closest thing to a publicly owned social media platform. Kind of like PBS

hay rick

(7,619 posts)
31. Who will be the power behind the algorithm?
Thu Mar 14, 2024, 02:09 PM
Mar 14

Authoritarian "communists" or Putino-American fascist oligarchs? My vote is for China.

LudwigPastorius

(9,148 posts)
35. Is there some rule that large social media companies must be owned by a total asshat?
Sat Mar 16, 2024, 12:48 AM
Mar 16

...or, is it just that anyone rich enough to buy a large social media company is already a total asshat.

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