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Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal
Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal
The Trump administration is poised to receive roughly $10 billion in payments from investors involved in the recently completed transaction to take control of TikTok’s U.S. operations, delivering an unusual financial windfall tied to the government’s role in keeping the popular social-media platform active in the United States.
ByteDance is the Chinese parent of TikTok. John G Mabanglo/EPA/Shutterstock
The payments are part of the arrangement under which a consortium of admin-aligned investors took control of TikTok’s American business from its...
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Jul 6, 2026 / Tyler Durden
Priced Beyond Perfection: Samsung Electronics Tumbles As Soaring Profit Not Good Enough
Priced Beyond Perfection: Samsung Electronics Tumbles As Soaring Profit Not Good Enough
The memory bubble appears to be rapidly deflating.
After the semiconductor/memory sector was walloped in Monday US trading without any clear negative catalyst, the semiconductor-chasing world was eagerly waiting to hear what Samsung - the world’s largest memory maker - would report in its preliminary Q2 earnings report as investors sought to justify sky-high investments and valuations around AI. In the end, it was not good enough, and the stock is down 5% at last check.
Samsung Electronics’s quarterly profit surged...
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May 23, 2026 / Tyler Durden
Pentagon, Intelligence Community Preparing For Renewed Strikes On Iran This Weekend: CBS
Pentagon, Intelligence Community Preparing For Renewed Strikes On Iran This Weekend: CBS
CBS is reporting that the Trump administration, specifically the Pentagon - as well as intelligence community officials - are currently preparing for a new potential round of military strikes against Iran within the next three days.
However, like with much of the latest speculation and reporting regarding what comes next in the Iran war, the report included the important caveat that nothing is ultimately confirmed or final: "No final decision on strikes had been reached as of Friday afternoon."
Any new...
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Apr 14, 2026 / Tyler Durden
"Can Only Imagine What FCC Has To Say": Open Source Military Radar Plans Appear Online
"Can Only Imagine What FCC Has To Say": Open Source Military Radar Plans Appear Online
Someone on GitHub has built an open-source radar system capable of tracking multiple targets up to roughly 12 miles away, at a fraction of the cost that a major defense contractor would typically charge for a comparable system.
AERIS-10 is an open-source phased-array radar system that demonstrates how advanced sensing technology has moved out of the defense-prime world and into civilian hands, with one person releasing all the design and development files on GitHub.
The...
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