Former President Donald Trump denied that a major GOP donor who also holds a significant stake in TikTok convinced him to reverse his support for forcing a divestiture by the social media platform’s China-based parent company.
Trump was asked by CNBC’s Andrew Ross Sorkin about accusations that Jeff Yass, a hedge fund manager who regularly donates to GOP candidates and holds a stake in TikTok, had convinced the former president to oppose legislation advancing quickly in the House of Representatives that would force the Beijing-headquartered company ByteDance to sell TikTok to a domestic owner. Former Trump adviser Steve Bannon had alleged that Yass had paid off Trump to oppose the legislation.
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