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“Congressman Michael McCaul (R-TX), the author of the bill to ban TikTok, owns hundreds of thousands of dollars of stock in Meta, one of TikTok's chief rivals. Senator Markwayne Mullin (R-OK) bought up to $50,000 worth of Meta stock last January before voting to ban TikTok in April."

Exhibit 1. https://www.capitoltrades.com/issuers/431610?page=2

Couldn’t find recent info but back in 2014, Michael McCaul’s net worth was in the hundreds of millions. Hundreds of thousands of dollars in meta stock doesn’t seem like much for someone worth 1000 times that amount over a decade ago…

Markeayne Mullin’s net worth was ~$50 million a few years ago. $50k is 1/1000th of that networth also…

That’s not to say congress shouldn’t be banned from trading stocks like every other profession that might potentially have insider info. They absolutely should.

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McCaul's net worth is estimated $294 million. His positions are a rounding error. That he owns so little Meta is impressive.

Mullin's net worth is 20-75 million. So up to 0.25% of his net worth if we use the low estimate is a Meta acquisition? Who cares?

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Another:

- Markwayne Mullin (R Oklahoma) purchased $15-$50k Meta stock on 01/02/2024 [0]

A nice list: https://www.capitoltrades.com/issuers/431610

[0] https://markets.businessinsider.com/news/stocks/3-politician...

A lot of people have some Meta shares. It's a widely owned stock.

You may believe no member of congress should own equity in any company, but that's a separate issue

I think it's the 'bought shares', then voted to ban a competitor that may be the issue.
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that’s like 300 shares at most.
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It's still mind-boggling to me that those in Congress can be shareholders.
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Surely they are doing this to preserve free speech and for the security of hard-working freedom-loving god-fearing americans, and not for their own selfish interests.
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Here's a video from March 14, 2024 on how Mike Gallagher (R-WI), who sponsored the H.R.7521 - Protecting Americans from Foreign Adversary Controlled Applications Act, accepted his largest campaign contributions from Palantir, Google, and the American Israel Public Affairs Committee (AIPAC):

https://www.tiktok.com/@iancarrollshow/video/734642717587849...

https://www.instagram.com/reel/C4jA_k8Pn12 (in case of censorship)

https://www.opensecrets.org/members-of-congress/mike-gallagh...

Looks like Steven Mnuchin, David Friedman and Yossi Cohen were also involved. Jonathan Greenblatt, CEO of the Anti-Defamation League (ADL), said that "we really have a TikTok problem", since it's acting to alchemize the left-right political divide into a young-old one.

The video says that pro-Palestine content is some of the most censored content there is, but despite that, a large number of TikTok users are supporting Palestine and questioning Israel's authority to continue hostilities. It suggests that silencing these objections to the Israel-Palestine conflict by preventing their discussion and spread is one of the primary motives for banning TikTok.

I'm deeply disappointed in members of the Democratic Party who voted for the TikTok ban, whose actions call into question the integrity of their party and its priorities. I'm not as surprised by the actions of the Republican Party, which historically has sided with the establishment (Meta and other social networks under US jurisdiction), but openly voting for censorship in the face of calls to protect free speech from Donald Trump and Elon Musk is suspect.

And I'm profoundly troubled by antisemitism and how whataboutism is clouding journalistic integrity. With derogatory comments about Diversity, Equity, and Inclusion (DEI) and wokeism becoming more prevalent, we should be mindful of the slippery slope from oppressed to oppressor. This is why we must always call out injustice in all forms, even when it's inconvenient to do so, or risk sacrificing our principles and eventually our freedoms.

I'm reminded of the Paradox of Intolerance, that if a society extends tolerance to those who are intolerant, it risks enabling the eventual dominance of intolerance, thereby undermining the very principle of tolerance:

https://en.wikipedia.org/wiki/Paradox_of_tolerance

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To be fair they're all inside trading and most of them are corrupt. Time to wake up America
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