The owner of TikTok has chosen Oracle over Microsoft as its American tech partner. Managing Director at Wedbush Securities Dan Ives said the deal will allow the popular video-sharing app to continue operating in the US. (Sept. 14)
President Donald Trump has signed off on a business proposal between TikTok, Walmart and Oracle that would allow the social networking app to continue to operate in the U.S.
One of Trump’s stipulations for approving the deal was a $5 billion commitment from the companies to create an education initiative that teaches children America’s “real history,” the President said.
Trump first mentioned the education fund on Saturday as he left the White House for a campaign rally in North Carolina. “We’re going to be setting up a very large fund for the education of American youth,” Trump told reporters as he announced “conceptually” signing off on the TikTok venture.