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President Trump and Attorney General Pam Bondi were sued Thursday over the U.S. government's approval of a deal by TikTok's Chinese owner ByteDance to establish a majority American-owned joint venture. The lawsuit does not seek to force a ban on TikTok.

President Trump and Attorney General Pam Bondi were sued Thursday over the U.S. government's approval of a deal by TikTok's Chinese owner ByteDance to establish a majority American-owned joint venture. The lawsuit does not seek to force a ban on TikTok.

The lawsuit was filed in the U.S. Court of Appeals for the District of Columbia by the Public Integrity Project on behalf of two retail U.S. investors in rival social media firms. The plaintiffs are Zhaocheng Anthony Tan, a shareholder in Alphabet Inc., and Garrett Reid, a shareholder in Meta Platforms Inc.

The lawsuit was filed in the U.S. Court of Appeals for the District of Columbia by the Public Integrity Project on behalf of two retail U.S. investors in rival social media firms. The plaintiffs are Zhaocheng Anthony Tan, a shareholder in Alphabet Inc., and Garrett Reid, a shareholder in Meta Platforms Inc.

Congress passed legislation in April 2024 requiring ByteDance to sell its U.S. assets by January 2025 or face a ban or potentially hundreds of billions of dollars in fines. Trump opted not to enforce the law and Bondi told companies they would face no liability for continuing to allow TikTok use.

Congress passed legislation in April 2024 requiring ByteDance to sell its U.S. assets by January 2025 or face a ban or potentially hundreds of billions of dollars in fines. Trump opted not to enforce the law and Bondi told companies they would face no liability for continuing to allow TikTok use.

The lawsuit alleges that under the announced deal, ByteDance would still control all the essential elements of TikTok and could continue to push Chinese propaganda and censor content. ByteDance continues to own the app's recommendation algorithm, which it licenses to the new American TikTok entity.

The lawsuit alleges that under the announced deal, ByteDance would still control all the essential elements of TikTok and could continue to push Chinese propaganda and censor content. ByteDance continues to own the app's recommendation algorithm, which it licenses to the new American TikTok entity.

TikTok USDS Joint Venture LLC was finalized in January and is 80% owned by non-Chinese investors. The new entity includes Oracle, MGX and Silver Lake as managing investors, each taking a 15 percent stake, while ByteDance maintains a 19.9 percent stake.

TikTok USDS Joint Venture LLC was finalized in January and is 80% owned by non-Chinese investors. The new entity includes Oracle, MGX and Silver Lake as managing investors, each taking a 15 percent stake, while ByteDance maintains a 19.9 percent stake.

The lawsuit claims the deal benefited firms with close ties to Trump, including Oracle co-founder Larry Ellison, who previously hosted a $100,000-per-person fundraiser for Trump. Susquehanna's founder Jeff Yass donated $16 million to Trump's Super PAC, MAGA, Inc.

The lawsuit claims the deal benefited firms with close ties to Trump, including Oracle co-founder Larry Ellison, who previously hosted a $100,000-per-person fundraiser for Trump. Susquehanna's founder Jeff Yass donated $16 million to Trump's Super PAC, MAGA, Inc.

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Trump, Bondi Sued Over TikTok Deal Approval

Trump, Bondi Sued Over TikTok Deal Approval

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