Will China Help Pay For Trump's History Project
At first, the whole Tik Tok business looked like a basic old-fashioned shakedown. "That's a nice little tech biz you have there," said Trump. "Be a shame if anything happened to it." Okay, not really that subtle-- it was more along the lines of "I'm going to ban your business unless you give my buddies a cut."
Tik Tok is not an angelic app without issues; security experts have been saying for a while now that the app is just Chinese spyware with a video feature, collecting data for China. Trump said he would shut down the app unless a piece was sold to a US company. So Oracle, run by Trump buddy Larry Ellison, and Walmart, under CEO and Trump supporter Doug McMillon, have set up a deal to get a piece of Tik Tok action. ByteDance, the company behind the app, would transfer control to a new entity in which ByteDance still held 80%, and Walmart and Oracle had their piece of the action.
Trump gave his blessing, but threw in a surprise announcement--the new company is going to hand over $5 billion to help fund his super-duper patriotic American history project. This was news to some of the partners, but you know what they say--shaken down for a penny, shaken down for a pound.
Trump's grand history project, in which US students will, well, something:
We will stop the radical indoctrination of our students and restore patriotic education to our CONTINUE READING: CURMUDGUCATION: Will China Help Pay For Trump's History Project