Former U.S. Treasury Secretary Stephen Mnuchin recently revealed his interest in acquiring TikTok should its parent company, ByteDance, be forced to sell as a result of Congressional action. Mnuchin’s desire to have the federal government seize someone else’s company on his behalf is much akin to a child feeling entitled to someone else’s toy — but should be taken with great alarm by those who rely on the app for entertainment or income.
To understand why, let’s take a look at how the current political hack running a social media company is doing.
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