“Crony capitalism has reached a new low,” said in The New York Times . After months of defying Congress ’s 2024 TikTok ban, President Trump last week unveiled a deal with the video app’s Chinese owner, ByteDance, that fails to resolve national security concerns and places yet another media outlet in the hands of “his billionaire allies.” The U.S. investor group that will own about 80% of TikTok includes Oracle and the venture capital firm Andreessen Horowitz, led by prominent Trump supporters Larry Ellison and Marc Andreessen, respectively. Rupert Murdoch and his son Lachlan, Trump claimed, would also have a stake. That consortium will license the recommendation algorithm that ByteDance uses to keep TikTok users scrolling—flatly ignoring a law that prohibits any cooperation with

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