Trump's Billionaire Ally, Legal Drama, and Space Ventures: Today's Headlines

1 min read
Source: Fortune
Trump's Billionaire Ally, Legal Drama, and Space Ventures: Today's Headlines
Photo: Fortune
TL;DR Summary

The potential U.S. ban on TikTok may be influenced by Donald Trump's relationship with billionaire Jeff Yass, who has significant investments in TikTok's parent company, ByteDance. Despite a federal appeals court upholding the ban, Trump's changing stance and Yass's financial backing could impact the app's future. TikTok is appealing the decision, citing economic losses for users and businesses. The issue may reach the Supreme Court, where Trump's influence could play a role, though he cannot directly reverse the ban.

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