Monday, September 21, 2020

CURMUDGUCATION: Will China Help Pay For Trump's History Project

CURMUDGUCATION: Will China Help Pay For Trump's History Project

Will China Help Pay For Trump's History Project




This, believe it or not, is about the deal involving social media sensation, Tik Tok.
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