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School Choice Activist Jeff Yass May Have Prompted Trump鈥檚 About-Face on TikTok

The major TikTok investor and GOP donor met with Trump shortly before the former president鈥檚 stunning reversal on banning the popular app.

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This article is part of 社区黑料鈥檚 EDlection 2024 coverage, which takes a look at candidates鈥 education policies and how they might impact the American education system after the 2024 election.

Donald Trump surprised the political world last week by that would force the sale of TikTok, reversing years of hostility to the popular social media app and its parent company, the Beijing-based ByteDance. Searching for an explanation, many point to the influence of one of America鈥檚 biggest school choice activists. 

Jeff Yass, of the trading and technology firm Susquehanna International Group, has spent energetically to promote private school vouchers over the past few years. With his wife Janine, he also founded the , which sponsors around the country, and dedicated to school choice in his home state of Pennsylvania. 

On March 1, the mega-donor at a retreat organized by the Club for Growth, a major conservative advocacy organization that Yass has donated to in the past. Yass as a reconciliation of sorts between Trump and the Club鈥檚 leadership during the 2022 midterm elections. 

Just a week later, Trump announced his support for TikTok on Truth Social, his own social media site. 鈥淚f you get rid of TikTok, Facebook鈥ill double their business,鈥 Trump wrote. 鈥淚 don鈥檛 want Facebook, who cheated in the last Election, doing better,鈥 he added, offering no evidence for such a claim. 

Jeff Yass

In addition to being one of the GOP鈥檚 biggest financial backers 鈥 he gave to the party鈥檚 candidates and committees in the 2022 cycle, then made to Gov. Greg Abbott that the Texas Republican called the richest donation in his state鈥檚 history 鈥 Yass is a major TikTok stakeholder, . Those shares were recently valued at $21 billion, accounting for most of Yass鈥檚 net worth of $28 billion. 

That interest is potentially imperiled by the passage of the , a piece of bipartisan legislation that was introduced in the House of Representatives earlier this month. The bill, which Wednesday afternoon in a 352-65 vote, in the U.S. if ByteDance does not sell it within 180 days. If not a straightforward TikTok ban, this would have the effect of ensuring that the platform would pass from Chinese control. 

Strikingly, the bill is a near-copy of a measure that Trump himself attempted to enact during his administration. In August 2020, citing concerns that the app captured metadata and search histories from American users on behalf of the Chinese government, the then-president that would have required ByteDance to find a buyer for TikTok within 45 days. President Biden later , which had already been blocked by federal judges, but now says if it were passed by Congress. 

Bart Epstein, an education technology entrepreneur and former professor at the University of Virginia, said he believed Trump鈥檚 shift was motivated by a need to mend fences with the Republican financial establishment as he wages both a national campaign and . 

鈥淗e is facing more than half a billion dollars of legal judgments against him as well as dozens of felony counts,鈥 Epstein wrote in an email. 鈥淗e needs major donors to help him fund his re-election campaign. 

Both and have warned in recent years that TikTok, which provides users access to millions of short videos, is addictive and potentially harmful to the mental health of young people. In testimony before a House committee this week, Director of National Intelligence Avril Haines said she that the Chinese Communist Party would attempt to use the app as a tool to influence the upcoming elections. 

The New York Post that Yass has personally called Republican House members this month in an effort to derail the anti-TikTok law. He has who have come out against the ban, including Kentucky Sen. Rand Paul, to the tune of millions of dollars. The head of the Club for Growth has , alleging that the campaign is being driven by social media competitors like Meta, which owns Facebook. 

A spokesman for the Yass Prize, declined to comment for this story, saying the legislative negotiations around TikTok are 鈥渘ot our area of focus.鈥 An email to President Trump鈥檚 campaign was not returned, though in , he denied speaking with Yass about TikTok at the Club for Growth retreat. 

Whatever the former president鈥檚 clout within his party, several prominent House Republicans that his change in position would have no effect on their decisions. Still, Paul and other Senate conservatives or even quash the legislation.

At least one conservative education observer said that a ban was appropriate. Frederick Hess, director of education policy studies at the right-leaning American Enterprise Institute, celebrated the overwhelming House passage on Wednesday and said he was 鈥渉ugely disappointed鈥 by Trump鈥檚 about-face.

鈥淲e need to take the problems with social media much more seriously, and this applies many times over to TikTok, which doubles as a security threat and a propaganda platform for the Chinese government,鈥 Hess wrote in an email.

Epstein voiced even greater worry about the app, warning that it had a 鈥渄isparate impact on impressionable children and teens.鈥

鈥淎llowing China to own or control TikTok or have access to its data is a huge mistake that should be remedied immediately,鈥 Epstein said. 鈥淎nd then we should turn our attention to social media more generally.鈥

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