New US TikTok Spinoff Will Be Controlled by Trump-Aligned Billionaires
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New US TikTok Spinoff Will Be Controlled by Trump-Aligned Billionaires
"The deal puts Trump-aligned tech barons - Oracle's Larry Ellison, X's Elon Musk, Meta's Mark Zuckerberg - in firm control of virtually all major U.S. social media platforms. Moreover, many of the key owners of the new U.S. TikTok spinoff have professed and demonstrated commitments to Israel and its Prime Minister Benjamin Netayahu and have donated prolifically to pro-Israel groups - a fact worth noting since U.S. politicians have openly criticized TikTok for exposing users to Israel's genocide in Gaza, in addition to the prime rationale behind the attacks on TikTok tied to inter-imperial rivalry with China."
"Most critically, Ellison and Oracle will oversee U.S. TikTok's algorithms and data management. The New York Times put it bluntly: "The new venture will moderate content in TikTok's feed, deciding which posts to leave up and which to take down." No person will have more power "deciding which posts to leave up and which to take down" than Ellison."
A consortium of U.S. megabillionaires, including Larry Ellison, Elon Musk, and Mark Zuckerberg, now control the major U.S. social media platforms through ownership stakes in a U.S. TikTok spinoff. Many owners have publicly supported Israel and donated heavily to pro-Israel groups, raising concerns given criticisms that TikTok exposes users to Israel's genocide in Gaza and the geopolitical rationale tied to rivalry with China. Oracle, led by Ellison, will manage U.S. TikTok's algorithms and data, granting him decisive authority over content moderation decisions and which posts remain visible on the platform.
Read at Truthout
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