Here are some of the strange things about Oracle’s deal for TikTok’s U.S. social media platform that make it seem like a sop to President Trump.
— Structuring the deal as one in which Oracle is a “trusted tech partner” of TikTok rather than an outright buyer doesn’t do anything to wall off the app from its Chinese founders, which supposedly was at the heart of Trump’s concern about the app.
— TikTok, which allows users to post short videos online, is a major hit among consumers, especially young users. To say Oracle has never served that market would be a huge understatement; Oracle’s core market is business — most consumers are probably unaware it even exists.
The White House accepting such a deal would demonstrate that this exercise was pure grift.
Alex Stamos, Facebook’s former security chief
— Trump seemed to put his thumb on the scale favoring Oracle