The president secured another hefty payout for his administration from his perch in the Oval Office.
The Trump administration is set to take a $10 billion cut of the deal to create a U.S.-controlled version of TikTok, charging investors a massive fee for the government’s role in brokering the transaction.
About $2.5 billion was paid when the deal closed in January, according to The Wall Street Journal, with several additional payments expected until the total reaches roughly $10 billion.
The post Billionaire Trump Is Angling for a Massive TikTok Payday appeared first on The Daily Beast
