Trump Meets TikTok Investor, Suddenly Doesn’t Want to Ban It
One American who does not share this goal is Jeff Yass, a conservative hedge-fund manager who has a $33 billion stake in TikTok and has reportedly threatened to cut off funding to Republicans who support the divestment bill.
Last week, Yass visited Mar-a-Lago, where Trump praised him as “fantastic,” and media reports touted that Yass could potentially contribute generously to Trump’s campaign.
Trump says he and Club for Growth are ‘back in love’
During his speech on Friday evening, Trump noted that Republican mega-donor and Club for Growth benefactor Jeff Yass, in addition to McIntosh, had called him and asked him to speak at the retreat. Should Trump win over Yass — whom Trump described as “fantastic” — it would potentially be a major financial boost to his campaign.
Yass has in the past been a critic of Trump’s. In September 2022, the Wall Street Journal published an interview with Yass in which he lamented that trying to dissuade Trump from running was difficult because the former president didn’t need donor support and that “the only thing you can appeal to is, ‘You’re gonna lose and be humiliated.’”
A billionaire megadonor is “bullying” members of Congress by threatening to stop funding them if they back a bill to order TikTok’s Chinese parent to sell the app, The Post has learned.
Hedge fund manager Jeff Yass is personally calling Republican members of the House to try to halt legislation which would force ByteDance to divest itself of the app, putting it in US hands instead.
His fund has a $33 billion stake in the Chinese company.
Great post! Thank you. Follow the money.