oracle becoming a trusted tech partner to tiktok accomplishes nothing

Sechel

After months of insistence that TikTok sever its US operations from Chinese ownership, we’re now settling for a vague partnership between Oracle and the US TikTok operation. It’s still unclear exactly what Oracle’s “trusted tech partner” status entails, but it’s definitively not a sale, and it’s unlikely Oracle is taking over any significant operations from the US TikTok offices. Microsoft’s version of the deal would have severed American TikTok from Europe and Asia entirely, but Oracle’s version of the deal leaves it mostly intact.

Microsoft underlined this point in its official statement announcing it had not been chosen. “We would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting misinformation,” the company said in its statement. “We look forward to seeing how the service evolves in these important areas.”

Comments (3)
No. 1-2
Sechel
Sechel

I'm very curious if Trump approve this charade. If he does this deal goes down as another NAFTA 2.0 where Trump declares success with nothing accomplished

Casual_Observer
Casual_Observer

Given Ellison is a big Trump supporter, this deal was not at all surprising. He used his influence to get the inside deal. M&A is not even on equal footing under the Trump administration. This is no longer about fair competition but oligarchs with insider connections getting deals because of their relationship with Trump.