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On Saturday’s broadcast of the Fox News Channel’s “Fox & Friends,” Peter Schweizer — who is the president of the Government Accountability Institute, a Breitbart News senior contributor, and the New York Times bestselling author of Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans — stated that if the House TikTok bill passes, ByteDance will make a profit on the sale of TikTok, and the reason they oppose a sale “is they don’t want to give up the control and the access to our kids.”
Schweizer said that TikTok has “a lot of lobbyists. They have several former U.S. senators that are on the payroll, they have senior — former senior campaign advisers, both for Presidents Trump and Obama, and you have these large American investors, including Jeff Yass, who owns a large stake, and they are throwing a lot of money into this. The thing everybody has to keep in mind with these American investors you were talking about, the Chinese law is clear, if these investors disparage or criticize ByteDance, their shares can be seized and taken away from them. So, we should not really, I would argue, take the word of what these investors are saying, because the Chinese government has them over a barrel, and they can’t be honest, frankly, about their views of the company, because they risk losing all their shares.”
www.breitbart.com
Schweizer said that TikTok has “a lot of lobbyists. They have several former U.S. senators that are on the payroll, they have senior — former senior campaign advisers, both for Presidents Trump and Obama, and you have these large American investors, including Jeff Yass, who owns a large stake, and they are throwing a lot of money into this. The thing everybody has to keep in mind with these American investors you were talking about, the Chinese law is clear, if these investors disparage or criticize ByteDance, their shares can be seized and taken away from them. So, we should not really, I would argue, take the word of what these investors are saying, because the Chinese government has them over a barrel, and they can’t be honest, frankly, about their views of the company, because they risk losing all their shares.”
Schweizer: ByteDance Opposes Profitable TikTok Sale Because China Wants Control, 'Give It Up' if We Can't Pass Bill
President of the GAI and a senior contributor to Breitbart News Peter Schweizer, the author of, Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans, stated that if the House TikTok bill passes, ByteDance will make a profit on the sale of TikTok, and the reason they oppose...
www.breitbart.com