Philly billionaire Jeff Yass is one of TikTok’s biggest investors. He’s also donating millions to prevent the government from banning the app. - News Summed Up

Philly billionaire Jeff Yass is one of TikTok’s biggest investors. He’s also donating millions to prevent the government from banning the app.


Susquehanna International Group founder and managing director Jeff Yass has donated to a super PAC pushing against TikTok bans, an app Yass' company holds a 15% stake in. Read morePhilly-area billionaire Jeff Yass doesn’t want to ban TikTok — and he’s spent more than $60 million in support of Club for Growth, a Conservative Super PAC pushing against the bans. “I’ve supported libertarian and free market principles my entire adult life,” Yass told WSJ. He told WSJ that Yass would “never direct the Club for Growth to take an action or a position on thing.”Why would the government ban TikTok? But they don’t have the ability to ban TikTok itself.”What is Club for Growth?


Source: Wall Street Journal September 21, 2023 04:50 UTC



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