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Shakedown

All articles tagged with #shakedown

world3 months ago•4 min saved

Experts criticize Trump's TikTok deal as a shakedown

Experts criticize the U.S. government's demand for a multibillion-dollar fee from American investors taking over TikTok's U.S. operations, describing it as a form of extortion or rent-seeking that resembles a shakedown, raising concerns about its impact on business practices and innovation.

via NPR|

#deal #government #payment

business3 months ago•8 min saved

Trump's TikTok Deal Sparks Controversy Over $14 Billion Valuation and Political Motives

The article criticizes President Trump's recent TikTok U.S. sale deal, highlighting a multibillion-dollar payment demanded from investors, which experts describe as a 'shakedown scheme' and an example of crony capitalism, with broader implications of government interference in business transactions.

via NPR|

#business #crony-capitalism #deal