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ByteDance, the China-based company that owns video-sharing app TikTok, said it was not told that $5 billion of its deal with Walmart and Oracle would go to President Donald Trump’s so-called “patriotic education” initiative.
Trump told a campaign rally Saturday that money from TikTok’s sale would fund his proposal to educate children about “the real history of our country ― the real history, not the fake history.”
You’d think the idiot-in-chief who is such a “genius” coming from the free market would understand that he doesn’t get a cut of this purchase.... and yet he keeps yammering on about it.
And I still question the ability to ban it. The ban on wechat was thrown out.
Quote:
Originally Posted by moneill
This new deal keeps the tik tok technology at tik tok. It allows the US to do 'security'.......
But the joke is 25,000 new jobs -- where are they going to find people for those jobs.
I read it’ll employ. I’m guessing those people are currently employed, will just be changed over to the new oversight. Not new jobs.
You’d think the idiot-in-chief who is such a “genius” coming from the free market would understand that he doesn’t get a cut of this purchase.... and yet he keeps yammering on about it.
And I still question the ability to ban it. The ban on wechat was thrown out.
I read it’ll employ. I’m guessing those people are currently employed, will just be changed over to the new oversight. Not new jobs.
TikTok owner ByteDance will hold an 80% stake in TikTok U.S. with Oracle Inc. and Walmart Inc. taking a minority stake after receiving approval from the Trump administration. The new company, called TikTok Global, will list on a U.S. stock exchange within 12 months.
The important thing -- security I guess will be done by Oracle....all of the rest TikTok.
Wechat concerns by Americans is stupid.
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