That’s the portion of ByteDance, TikTok’s parent company, owned by billionaire GOP megadonor Jeff Yass. In 2022, we wrote about how Yass avoided more than $1 billion in taxes while largely escaping public scrutiny. Susquehanna International Group, the global company he co-founded, is back in the news as lawmakers in the House recently passed a foreign aid package that included a provision that would require TikTok to divest from ByteDance or face an effective ban in the U.S. If you’re interested in the intersection of money, political influence, technology and legislation, the story is a must-read.
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