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Trump Brokering Deal to Hand TikTok Over to Right-Wing Billionaires Andreessen and Ellison
"The TikTok ban wasn’t primarily about national security or influence... but rather political control," one tech columnist wrote.
Sep 17, 2025
President Donald Trump is pushing to finalize a deal that would hand majority control of TikTok over to a consortium that includes two of his closest billionaire allies.
On Tuesday, the Wall Street Journal reported that under the planned deal, 80% of the stake will be controlled by a group of American investors, while the remaining 20% will remain with Chinese firms.
The American companies include the investment firm Silver Lake, the venture capital firm Andreessen Horowitz, and the technology company Oracle. The latter two are controlled by some of Trump's most prolific supporters.
Marc Andreessen and his partner Ben Horowitz each donated $2.5 million to Trump's super PAC during the 2024 election.
Andreessen, who said at the end of 2024 he was spending roughly "half" his time at Mar-a-Lago, was tapped as an economic adviser to Trump earlier this year, where he helped to recruit staffers to Elon Musk's Department of Government Efficiency (DOGE). After unleashing a bevy of false claims, Andreessen led the charge for DOGE to virtually kill the Consumer Financial Protection Bureau, which he'd long loathed for its investigations into his investment firms.
Oracle, meanwhile, was founded by Larry Ellison—one of Trump's earliest backers in the Silicon Valley world—who reportedly advised the president during his efforts to overturn his 2020 election loss. Over the next five years, Ellison accumulated enough wealth to briefly overtake Musk as the world's richest person and has used those riches to consolidate control over the media. After taking office in January for his second term, Trump began to champion Ellison as the man to take over TikTok.
In August—with the help of Trump's Federal Communications Commission (FCC)— SkyDance, owned by Ellison's son David, purchased Paramount, which owns CBS News. The younger Ellison quickly began making moves to reshape the network's politics, most notably by planning to purchase the "anti-woke" publication the Free Press and recruiting its founder, Bari Weiss, to a senior editorial role, which has left newsroom staffers fearing for their editorial independence. Ellison also has designs on a $70 billion deal to acquire Warner Bros., which would give him control over CNN as well.
Matthew Gertz of Media Matters for America warns that soon, "one Trump-aligned billionaire family could end up controlling CBS News, CNN, and TikTok."
Gertz noted that TikTok would join a media ecosystem that is increasingly bowing to the president, with X and Meta controlled by Trump-aligned billionaires and the Washington Post and Los Angeles Times shifting their coverage to flatter his worldview. Meanwhile, nominal holdouts like the New York Times and Wall Street Journal have been slapped with multibillion-dollar lawsuits, as Trump has accused them of trying to harm him with negative coverage.
Trump said that he plans to speak with Chinese President Xi Jinping on Friday to finalize the sale of TikTok, which is currently owned by the Chinese firm ByteDance.
The sale of the platform was set into motion in 2024 under President Joe Biden, who signed legislation banning TikTok in the United States unless it was sold to a US company. Congress justified the decision at the time by claiming that China was using the app to surveil Americans and using the platform's algorithm to feed them propaganda, though free press advocates criticized the ban as an effort to censor opinions and information unfavorable to the US government.
One persistent gripe from advocates for the ban was that the platform had become a major source for videos depicting the visceral horrors of Israel's military assault on Gaza. In one infamous exchange, then-Secretary of State Antony Blinken and then-Sen. Mitt Romney (R-Utah) pointed to TikTok as a reason why “the PR has been so awful” for Israel since the war began and said that this was a primary motivation behind the ban among legislators.
Its soon-to-be new partial-owner, Ellison, however, is one of Israel's staunchest supporters. He has donated at least $26 million to the Israel Defense Forces (IDF) via a nonprofit called "Friends of the IDF" and once offered a seat on Oracle's board to Prime Minister Benjamin Netanyahu.
Independent journalist Jack Poulson also reported this week that David Ellison once coordinated with former Israeli military commander-in-chief Benny Gantz on an effort to spy on and disrupt American activists for the Boycott, Divestment, and Sanctions (BDS) movement.
"The panic over TikTok was always in part because it is a prime source for factually accurate coverage of the Gaza genocide," said Nathan J. Robinson, the editor-in-chief of Current Affairs magazine, on X. "Now one of the leading pro-Israel fanatics is set to take control and ensure that young people don't keep getting videos telling the truth about Palestine."
According to the Journal, TikTok's new proprietors will not be reconstructing the app's much-maligned algorithm from the ground up. Rather, "TikTok engineers will re-create a set of content-recommendation algorithms for the app, using technology licensed from TikTok’s parent ByteDance."
As tech columnist John Herrman points out for New York magazine, this deal doesn't resolve the "stated reasons" for the ban, since it still gives its Chinese owners a stake in the company and uses their underlying technology.
"When it comes to the TikTok ban, though, 'stated reasons' were never especially useful," Herrman wrote. "In the end, the TikTok ban wasn’t primarily about national security or influence—although this new arrangement will have implications for both—but rather political control, and the demonstration thereof."
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'I've Never Seen Anything Like It': Trump Policies Leave US Farmers in Dire Straits
"It's a five-alarm fire," one Kentucky soybean farmer said, describing the harmful effects of the president's tariffs.
Sep 16, 2025
As anticipated, US President Donald Trump's economic and immigration policies are harming American farmers' ability to earn a living—and testing the loyalty of one of the president's staunchest bases of support, according to reports published this week.
After Trump slapped 30% tariffs on Chinese imports in May, Beijing retaliated with measures including stopping all purchases of US soybeans. Before the trade war, a quarter of the soybeans—the nation's number one export crop—produced in the United States were exported to China. Trump's tariffs mean American soybean growers can't compete with countries like Brazil, the world's leading producer and exporter of the staple crop and itself the target of a 50% US tariff.
"We depend on the Chinese market. The reason we depend so much on this market is China consumes 61% of soybeans produced worldwide," Kentucky farmer Caleb Ragland, who is president of the American Soybean Association, told News Nation on Monday. "Right now, we have zero sold for this crop that’s starting to be harvested right now.”
Ragland continued:
It’s a five-alarm fire for our industry that 25% of our total sales is currently missing. And right now we are not competitive with Brazil due to the retaliatory tariffs that are in place. Our prices are about 20% higher, and that means that the Chinese are going elsewhere because they can find a better value.
And the American soybean farmers and their families are suffering. They are 500,000 of us that produce soybeans, and we desperately need markets, and we need opportunity and a leveled playing field.
“There’s an artificial barrier that is built with these tariffs that makes us not be competitive," Ragland added.
Tennessee Soybean Promotion Council executive director Stefan Maupin likened the tariffs to "death by a thousand cuts."
“We’re in a significant and desperate situation where... none of the crops that farmers grow right now return a profit,” Maupin told the Tennessee Lookout Monday. “They don’t even break even.”
Alan Meadows, a fifth-generation soybean farmer in Lauderdale County, Tennessee, said that “this has been a really tough year for us."
“It started off really good," Meadows said. "We were in the field in late March, which is early for us. But then the wheels came off, so to speak, pretty quick.”
It started with devastating flooding in April, followed by a drier-than-usual summer. Higher supply costs due to inflation and Trump's tariffs exacerbated the dire situation.
“So much of what has happened and what’s going on here is totally out of our control,” Meadows said. “We just want a free, fair, and open market where we can sell our goods... as competitively as anybody else around the world. And we do feel that we produce a superior product here in the United States, and we just need to have the markets.”
Farmers are desperate for help from the federal government. However, Congress has not passed a new Farm Bill—legislation authorizing funding for agriculture and food programs—since 2018, without which "we do not have a workable safety net program when things like this happen in our economy," according to Maupin.
Maupin added that farmers “have done everything right, they’ve managed their finances well, they have put in a good crop... but they cannot change the weather, they cannot change the economy, they cannot change the markets."
"The weather is in the control of a higher power," he added, "and the economy and the markets are in control of Washington, DC."
It's not just soybean farmers who are hurting. Tim Maxwell, a 65-year-old Iowa grain and hog farmer, told the BBC Sunday that "our yields, crops, and weather are pretty good—but our [interest from] markets right now is on a low."
Despite his troubles, Maxwell remains supportive of Trump, saying that he is "going to be patient," adding, "I believe in our president."
However, there is a limit to Maxwell's patience with Trump.
"We're giving him the chance to follow through with the tariffs, but there had better be results," he said. "I think we need to be seeing something in 18 months or less. We understand risk—and it had better pay off."
It's also not just Trump's economic policies that are putting farmers in a squeeze. The president's anti-immigrant crackdown has left many farmers without the labor they need to operate.
“The whole thing is screwed up,” John Painter, a Pennsylvania organic dairy farmer and three-time Trump voter, told Politico Monday. “We need people to do the jobs Americans are too spoiled to do.”
As Politico noted:
The US agricultural workforce fell by 155,000—about 7%—between March and July, according to an analysis of Bureau of Labor Statistics data. That tracks with Pew Research Center data that shows total immigrant labor fell by 750,000 from January through July. The labor shortage piles onto an ongoing economic crisis for farmers exacerbated by dwindling export markets that could leave them with crop surpluses.
“People don’t understand that if we don’t get more labor, our cows don’t get milked and our crops don’t get picked,” said Tim Wood, another Pennsylvania dairy farmer and a member of the state's Farm Bureau board of directors.
Charlie Porter, who heads the Pennsylvania Farm Bureau’s Ag Labor and Safety Committee, told Politico that “it’s a shame you have hard-working people who need labor, and a group of people who are willing to work, and they have to look over their shoulder like they’re criminals—they're not."
Painter also said that he is "very disappointed" by Trump's immigration policies.
“It’s not right, what they’re doing,” he said of the administration. “All of us, if we look back in history, including the president, we have somebody that came to this country for the American dream.”
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More Countries Condemn Trump's 'Imperialist' Saber-Rattling Against Venezuela
An alliance of Latin American and Caribbean nations said Trump's military deployment poses "a threat to the stability and self-determination of all the peoples" of the region.
Aug 23, 2025
China and members of an alliance of Latin American and Caribbean nations in recent days joined countries including Brazil and Colombia and anti-war voices around the world in denouncing the Trump administration's deployment of US warships off the coast of Venezuela.
At least three US Navy guided missile destroyers and thousands of Marines are currently off the coast of Venezuela, with Pentagon officials citing President Donald Trump's January executive order designating drug cartels as foreign terrorist organizations and his directive authorizing military force to combat narcotraffickers abroad.
On Thursday, Chinese Foreign Ministry spokesperson Mao Ning said that "China opposes any move that violates the purposes and principles of the [United Nations] Charter and a country's sovereignty and security."
"We oppose the use or threat of force in international relations and the interference of external forces in Venezuela's internal affairs under any pretext," she added. "We hope that the United States will do more things conducive to peace and security in Latin America and the Caribbean region."
Mao's remarks came on the same day that members of the 11-nation Bolivarian Alliance for the Peoples of Our America-Peoples' Trade Treaty (ALBA-TCP) issued a declaration during the group's virtual 13th Extraordinary Summit of Heads of State and Government condemning the Trump administration's "imperialist policy of harassment and destabilization" and demanding "the immediate cessation of military threat or action" against Venezuela.
The declaration expresses support for Venezuelan President Nicolás Maduro and decries the "groundless, mythomaniacal accusations with no legal basis" against him by the Trump administration, which alleges that Maduro is one of the world's leading drug traffickers. Trump recently doubled the Biden administration's bounty on Maduro from $25 million to $50 million.
In 2020, the first Trump administration's Department of Justice charged Maduro and 14 Venezuelan officials with narco-terrorism and conspiracy to import cocaine into the US, accusations the South American leader denies. The charges followed Trump's formal recognition in 2019 of an opposition coup leader as the legitimate president of Venezuela—a policy continued by the Biden administration—and the imposition of a full economic embargo on Caracas.
The ALBA-TCP declaration asserts that the Trump administration "seeks to delegitimize sovereign governments and pave the way for foreign intervention."
"These practices not only constitute a direct attack on Venezuela's independence, but also a threat to the stability and self-determination of all the peoples of Latin America and the Caribbean," the alliance added.
Addressing the summit Thursday, Cuban President Miguel Díaz-Canel said that "Cuba firmly denounces this new demonstration of imperial force and makes a call to ALBA-TCP and from here to all the peoples of the world to condemn this irrational attack by the Trump administration," according to Venezuelanalysis.
"The issue is not only Cuba, the whole region is under threat and only with integration can we fight against that because the United States intends to define the options to subjugate us or be objects of aggression," Díaz-Canel added.
As Common Dreams reported, other Latin American leaders also condemned Trump's military deployment, with Colombian President Gustavo Petro telling his Cabinet Wednesday that "the gringos are mad if they think invading Venezuela will solve their problem" and Celso Amorim, a foreign policy adviser to Brazilian President Luiz Inácio Lula da Silva, warning of "the risk of an escalation" and reiterating that "the principle of nonintervention is fundamental" to international order.
Although Trump has been a vocal critic of the regime change policies of past administrations—especially that of fellow Republican George W. Bush—he and members of his Cabinet have floated the idea of ousting Maduro, including via US invasion.
The United States has been meddling in Venezuela's affairs since the 19th century, citing the dubious Monroe Doctrine to assist coups, support brutal dictatorships, and pursue policies of economic strangulation in an effort to exert control over the country and its immense petroleum resources.
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