How GOP Megadonor #Jeffrey #Yass Can Clean Up on #TikTok’s Forced Sale
The Pennsylvania billionaire has former TikTok detractors backing off a ban, but he’ll be sitting pretty if a US takeover happens.
A top Republican donor, Yass publicly discouraged Trump from running in the 2024 election. Yass initially supported Florida Governor Ron #DeSantis before spreading his bets between Vivek #Ramaswamy, Chris #Christie, and Tim #Scott.
But as Trump once again steamrolled his primary competitors, Yass reached out and
asked him to speak at a retreat for a powerful right-wing business PAC
, the #Club #for #Growth, which has pulled in $61 million in donations from Yass since 2010.
The Club for Growth also happens to be employing former Trump adviser Kellyanne #Conway to lobby on behalf of TikTok on Capitol Hill.
The retreat seemed to go exactly as planned.
Trump praised Yass as “fantastic,” and he emerged as a critic of a TikTok ban. “If you get rid of TikTok, #Facebook and #Zuckerschmuck will double their business,” Trump posted last week on Truth Social.
“I don’t want Facebook, who cheated in the last Election, doing better. They are a true Enemy of the People!”
Yass, meanwhile, is now a certified Trump crony.
The 68-year-old is the richest man in Pennsylvania, with an estimated fortune of about $28 billion derived from options trading and venture-capital investments
—including a sizable interest in TikTok.
Local politicos and activist groups have long faced off against Yass and his bottomless war chest in fights over education, social welfare, and unions.
Arielle Klagsbrun, deputy campaign director at the Action Center on Race & the Economy ( #ACRE ), described Yass as a “next generation #Koch brother…someone who is rigging the rules to privatize our schools while also not paying his fair share of taxes.”
“His disdain for teachers’ unions, in particular, is profound,” said Klagsbrun, characterizing Yass’s influence as “corporate #authoritarianism in our democracy.”
ACRE is pressing Pennsylvania elected officials to refuse to take money from Yass in the 2024 cycle.
https://www.thenation.com/article/society/how-tiktok-funder-jeffrey-yass-can-clean-up-on-the-apps-forced-sale/