This should be a notice to all tech founders, who can shortly expect a massive degradation in global FCPA adherence and may expect foreign reciprocity in key markets.
"If you want to buy this thing then you must pay a kickback to the government for brokering the deal and if you don't we will use government power to ban it."
It’s an election move IMO. Trump can say he either:
1) Banned a spying app from the US to protect American citizens
2) Claim responsibility for acquiring this great app and keeping American citizens safe
Sounds similar to when a US company buys a foreign company and the foreign government requires a minimum number of jobs kept in the foreign country to allow the deal forward. For example Germany. But calling it key money. Wow.
9 comments
[ 3.8 ms ] story [ 30.6 ms ] thread"If you want to buy this thing then you must pay a kickback to the government for brokering the deal and if you don't we will use government power to ban it."
Trump is a boring person tbh..