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Another piece of information: One of Paul Rand's top donors is billionaire Jeff Yass, the largest U.S. investor in TikTok. Doesn't mean that's the cause obviou
by mupuff1234 4y ago
Another piece of information: One of Paul Rand's top donors is billionaire Jeff Yass, the largest U.S. investor in TikTok.
Doesn't mean that's the cause obviously, but still worth keeping in mind.
- yesbut 4y agoYeah, not just him, and not just TikTok / ByteDance: > It’s also spent over $13 million lobbying the federal government since 2019, per OpenSecrets, including a record $5.4 million last year. ByteDance’s spending on lobbying was reportedly the fourth-largest among internet companies, behind only Amazon, Meta, and Alphabet. > Records show that the same politicians who’ve publicly attacked the app and voted to restrict its use have also accepted donations from top executives with TikTok and its parent company ByteDance. > Federal Election Commission (FEC) records show that in the last election cycle, ByteDance and TikTok employees handed out $130,000 in campaign donations to a range of politicians. A third of these donations came from one person: David J. Urban, who was the executive vice president of ByteDance at the time. (Urban has since left the company.) His profile on his current employer’s website says that he helped ByteDance “navigate public policy and communications challenges.” https://www.dailydot.com/debug/tiktok-bytedance-donations-kevin-mccarthy-donations/ https://www.dailydot.com/debug/tiktok-bytedance-donations-ke...
- iudqnolq 4y agoAbsolutely. Do keep in mind the massive donations Facebook & co as well though. Buying regulators to stifle your new competitor because you can't hack it is a classic game.