Not only is this pay-to-play arrangement with the federal government unprecedented; it also smacks of possible corruption.
The new entity, called TikTok USDS Joint Venture LLC, will oversee content moderation and safeguard the data of U.S. users.
March 13 (Reuters) - President Donald Trump's administration is ⁠set ⁠to receive a roughly $10 billion ⁠fee from investors in ...
Investors including Oracle and Silver Lake that acquired stakes in the new U.S.-based TikTok joint venture are reportedly paying a $10 billion fee to the Trump administration as part of the deal — and ...
The unusually large fee comes after the president brokered the sale of the company's US operations to investors allied with his administration.
In September, Donald Trump claimed that “the United States is getting a tremendous fee” for brokering the TikTok deal. Now sources tell the Wall Street Journal and the New Yor ...
The large fee is the latest example of the White House’s inserting itself into corporate deal making in unusual and aggressive ways.
Investors in the social-media platform’s U.S. business agreed to give the government several multibillion-dollar payments, ...