Trump's State Sanctioned Appropriation of TikTok

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jackspratt
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Trump's State Sanctioned Appropriation of TikTok

Post by jackspratt » August 4, 2020, 11:06 am

Can anyone explain to me the morality, and perhaps even legality, in Trump appropriating a foreign owned company under specious "national security" grounds, and handing it on a platter to Microsoft (or other "appropriate" - excuse the pun - US company), for the payment of a large ransom to the US Treasury?

https://www.abc.net.au/news/2020-08-04/ ... n/12521546

Given that he previously threatened to raise tariffs (with even more specious "national security" grounds) on German passenger cars, should Merc, BMW and VW be looking to early talks with GM, Ford and Fiat Chrysler about potential fire sales?



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GT93
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Re: Trump's State Sanctioned Appropriation of TikTok

Post by GT93 » August 4, 2020, 12:52 pm

The Chinese are big and ugly enough to retaliate. Watch this space.
Lock 'em up - Eastman, Giuliani, Senator Graham, Meadows and Trump

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Re: Trump's State Sanctioned Appropriation of TikTok

Post by mech_401 » August 4, 2020, 2:19 pm

wasn't scott morrison the aussie pm tentatively
suggesting banning tiktok? let's ask him why

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Barney
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Re: Trump's State Sanctioned Appropriation of TikTok

Post by Barney » August 4, 2020, 9:01 pm

Something is simmering in Aussie.
Heard the CEO of Tiktok Australia on a Sydney radio station today throwing out a pre-emptive plea to leave tiktok alone and not make it a political football.


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Re: Trump's State Sanctioned Appropriation of TikTok

Post by papafarang » August 5, 2020, 5:33 am

The gangster in Chief :lol: wanting his cut.
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Re: Trump's State Sanctioned Appropriation of TikTok

Post by pal52 » August 5, 2020, 7:35 am

Part of report on BBC News.

When reports of talks between ByteDance - which has received backing from US investors - and Microsoft surfaced on Friday, Mr Trump said he opposed the deal.

But he later appeared to okay a potential sale, saying the government - which would review any takeover by a US company for national security risks - should receive a "substantial" cut of any purchase price. Mr Trump has threatened to ban the app on 15 September if there is no deal.

"The United States should get a very large percentage of that price, because we're making it possible," Mr Trump said.

Such a demand is highly unorthodox.

Nicholas Klein, a lawyer at DLA Piper, said generally "the government doesn't have the authority to take a cut of a private deal through" the Committee on Foreign Investment in the United States, which is the inter-agency committee that reviews some foreign investments in the US.

Charlotte Jee, a reporter at MIT Technology Review, a magazine owned by Massachusetts Institute of Technology, said Mr Trump's comments were "pretty astonishing".

Speaking to the BBC's Today programme, she said: "I hate to say this but it is kind of almost Mafia-like behaviour - threatening a ban which pushes down the price then saying 'oh we should get a cut of that deal afterwards to say thank you for what we've done there'.

"It is extraordinary behaviour as well because last week we had lawmakers in the US trying to look at whether tech companies are too big and now we've got Trump trying to make one of them even bigger so it is a really, really bizarre situation to be in."

Source
https://www.bbc.com/news/business-53654703

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Re: Trump's State Sanctioned Appropriation of TikTok

Post by tamada » August 5, 2020, 7:41 am

The wolf of Pennsylvania Avenue

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GT93
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Re: Trump's State Sanctioned Appropriation of TikTok

Post by GT93 » August 5, 2020, 7:48 am

Putin might be counselling Trump on this deal. The US seems more like Russia by the day. :lol:
Lock 'em up - Eastman, Giuliani, Senator Graham, Meadows and Trump

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Re: Trump's State Sanctioned Appropriation of TikTok

Post by jackspratt » August 5, 2020, 8:48 am

mech_401 wrote:
August 4, 2020, 2:19 pm
wasn't scott morrison the aussie pm tentatively
suggesting banning tiktok? let's ask him why
Quick ........ look over there......... divert.......deflect ..........what about ......... ;)

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Re: Trump's State Sanctioned Appropriation of TikTok

Post by mech_401 » August 5, 2020, 9:05 am

oh, i see. facts & truth and common sense are
now tools of dissembling to the rabid anti u.s.

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Re: Trump's State Sanctioned Appropriation of TikTok

Post by pal52 » August 5, 2020, 9:44 am

I think it is probably Trumps personal revenge against Tik Tok.

The users of Tik Tok claimed to to have caused his election rally in Tulsa to be a total failure.
They registered on mobile phones for free tickets but did not turn up.

This would be absolutely typical of Trump.

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