It’s just a moral panic de jour. Meta and Google seem to benefit the most and they’re very fed friendly. If the feds have your data there’s a good chance the Chinese do as well and the government I fear most is the closest.
Biden Admin has contacted Apple and Google and told them remove TikTok from the App Store on Jan 19th.
Congressman Michael McCaul who wrote the TikTok Ban Bill invested $1.15 Million into META AFTER writing the Bill-
On March 3rd, he authored the TikTok Ban Bill- On March 22nd, he invested $150,000 in META-
On the 26th, he invested another $150,000- On the 28th, he invested another $150,000
So about three weeks after writing the TikTok Ban Bill, this man invested $450,000 in TikTok's competitor.
Oh, and then what did he do once he saw his TikTok ban was gonna be included with all the Ukraine funding:- Well, on April 1st, he invested $350,000 more in META, followed by the fifth where he invested that again.
Then about a week later, of course, he voted yes on the bill he wrote.
So within the span of 40 days, this dude wrote the TikTok ban bill, proceeded to invest $450,000 in the competitor, and then invested another $700,000, taking his total investment and META at a $1.15 million.And then he voted yes.
Now, obviously the word most people are using here is suspicious, but the word we should be using is criminal.
This man wrote the f***** bill to ban TikTok, proceeded to invest more than a million dollars in its competitor, whose stock will skyrocket if TikTok actually gets banned, and then voted on the bill to ban it.