2024-03-14 07:19:35
“YAS owns more than 20% of TikTok shares through companies and individuals.”
Rally in support of TikTok held in front of the U.S. Capitol
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(Seoul = Yonhap News) Reporter Cha Byeong-seop = While former President Donald Trump, the next U.S. presidential candidate, has turned his stance once morest the ban on Chinese video platform TikTok, American media outlets have paid attention to his recent meeting with a major Republican donor who is a major TikTok shareholder. I’m doing it.
According to ABC on the 13th (local time), former President Trump attended a sponsorship event hosted by the conservative group ‘Club for Growth’ on the 1st and met hedge fund manager Jeff Yass, a large donor to the Republican Party.
Susquehanna International Group, an investment company co-founded by Yas, owns regarding 15% of TikTok’s parent company, ByteDance, and the Wall Street Journal (WSJ) estimates that his personal stake is regarding 7%.
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Previously, WSJ estimated that his personal stake was valued at $21 billion (approximately 27.7 trillion won), equivalent to 75% of his total net assets, and Bloomberg News reported that his stake was valued at $15 billion (approximately 19.7 trillion won). It was also evaluated as moderate.
Open Secret, a political donation monitoring group, revealed that Yasu donated $49 million (approximately 64.5 billion won) in 2022 to interest groups supporting conservative candidates.
He is said to have donated $464 billion (regarding 611 trillion won) during this election, and is also a candidate for Treasury Secretary if Trump is elected.
The problem is that former President Trump, who had pushed for a ban on TikTok when he was in office, has recently changed his position, and if he wins the presidential election, the fate of TikTok may also be affected.
Former President Trump said on his social media account last week that eliminating TikTok would benefit Facebook, the “true enemy of the people,” and that he did not want that to happen.
He also expressed his opposition to the TikTok ban in an interview with CNBC on the 11th, saying that TikTok poses a risk to national security due to its ties to China, but that other applications are equally dangerous.
However, he stated that he did not discuss the TikTok issue during the sponsorship event on the 1st.
After the 2021 presidential election, Facebook suspended former President Trump’s account due to concerns regarding incitement through unfounded content following the January 6 Capitol riots in which former President Trump’s supporters stormed the Capitol.
The South China Morning Post (SCMP) reported that there is speculation that former President Trump’s image as a public hardliner may be damaged by this change in position.
The Washington Examiner, a conservative media outlet, also pointed out that “Trump supported the bill, but following receiving support from Yas, he immediately came out once morest it.”
bscha@yna.co.kr
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2024/03/14 16:19 Sent
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