It’s Trump, the Republicans, Musk, and other billionaires using the power of the government to coerce Bytedance into actions that will be favorable to them. It’s kind of Trump’s MO; threaten people/corporations to enrich his family or otherwise benefit him in some way. They will likely force Bytedance to sell TikTok at a large discount to the government and Trump’s friends.
Damn, didn’t know Wired had paywalls; I guess ublock hid it for me. Updated description to include archive.org link.