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 hes 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 doesnt 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 CNBCs Squawk Box, Mnuchin said Thursday that he believes TikTok should be sold. This should be owned by U.S. businesses. Theres 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, didnt provide details on who else may be included in the investor group he plans on forming or TikToks possible valuation. TikTok did not immediately respond to a request for comment.
Read more: https://apnews.com/article/tiktok-mnuchin-house-senate-ffdf37776e63a09bb6966d741df7093b
FSogol
(45,487 posts)dalton99a
(81,512 posts)BumRushDaShow
(129,049 posts)PSPS
(13,599 posts)hay rick
(7,619 posts)Celerity
(43,388 posts)Her character is addicted to a variety of thingsmainly 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 Antoinettestyle, 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, shes back.
Specifically, shes back with a movie she wrote and starred in, alongside Gossip Girls 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 Im 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 Im a materialistic, narcissistic, self-absorbed misanthrope. I dont deny it. Im a hedge fund manager. Im 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, Its not nice to judge other people...Lets all just be a little kinder to one another.) Absolutely not, why would you even think that? Its 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
LudwigPastorius
(9,148 posts)walkingman
(7,620 posts)would be interested in a platform that has the ability to influence so many young people.
marble falls
(57,097 posts)CousinIT
(9,245 posts)company. Yee-ha.
Kennah
(14,270 posts)CousinIT
(9,245 posts)....before COVID hit.
COMPLETE BULLSHIT.
Link to tweet
Steven Rattner:
Once again, complete fiction.
viva la
(3,300 posts)Gag. I'd prefer Chinese propaganda to Trump.
BumRushDaShow
(129,049 posts)viva la
(3,300 posts)And of course MAGATs imitating Trump dancing.
BumRushDaShow
(129,049 posts)nothing like it!!!!!11111!!!!!!1
Traildogbob
(8,744 posts)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.
Autumn
(45,094 posts)Fuck that guy.
Journeyman
(15,033 posts)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
UpInArms
(51,284 posts)drray23
(7,633 posts)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.
Its a BS trap.
kysrsoze
(6,021 posts)and the company will also try to rip off its users as much as humanly possible. Why is this fuckface not in prison?
mzmolly
(50,993 posts)😡
AllyCat
(16,187 posts)Looking at all social media? They are looking for something to buy?
Voltaire2
(13,041 posts)Voltaire2
(13,041 posts)Qutzupalotl
(14,313 posts)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)Qutzupalotl
(14,313 posts)littlemissmartypants
(22,667 posts)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.
❤️
LiberalFighter
(50,938 posts)LiberalLovinLug
(14,174 posts)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
The Grand Illuminist
(1,332 posts)The new RW strategy.
hay rick
(7,619 posts)Authoritarian "communists" or Putino-American fascist oligarchs? My vote is for China.
LudwigPastorius
(9,148 posts)...or, is it just that anyone rich enough to buy a large social media company is already a total asshat.