Trump backs Chinese TikTok after pretending to oppose it earlier

The biggest institutional investor in the SPAC that’s merging with Truth Social is a hedge fund co-founded by Republican megadonor Jeffrey Yass, CREW reports.

The deal is poised to give Donald Trump a $3.5 billion windfall.

Yass’s firm is also a major investor in ByteDance, the company that owns TikTok.
 
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