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How Billionaires Like Jeff Yass Influenced The TikTok Debate
One of the most watched and trending news in the past week is the TikTok ban. Why? Well, with over 1 billion users and close to 200 million active users the stakes are high right now.
The app is scheduled to be banned on January 19th, 2025. This is one day before President Elect Donald Trump will be swoarn in. He has stated he wants to keep the app, but how all of this will play out is impossible to know.
When it comes to influencing public and social debates, billionaires have centered themselves in these conversations because of their financial influence, which is sad since they don’t live or really understand the ordinary struggles of the working class.
According to Aly Shaw, research analyst at LittleSis, asserts the growing influence of billionaires on policy decisions-particularly those pertaining to the TikTok ban.
“The political tug-of-war over TikTok reveals the powerful bond between profit and policy motives for American billionaires, particularly for investors like Jeff Yass whose net worth…
