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Implications of TikTok's Potential Sale and National Security Concerns
Delving into the potential sale of TikTok's US business to major companies like Oracle, Microsoft, Walmart, and Disney, this chapter discusses the changing landscape of consumer media consumption and the implications on the tech and media industry. It also explores national security concerns, surveillance risks, and the power of the national security state in potentially banning foreign-controlled apps like TikTok and Telegram. Additionally, the chapter touches on Biden's 2025 budget proposals with a focus on significant capital gains hikes targeting the wealthy.