Something Smells Bad in TikTok

50 Days Until The Election

Screw-you, cha-cha-cha

From the LATimes email thingie:

Oracle Corp. has succeeded in its bid to partner with the social media platform TikTok after its Chinese parent company, ByteDance, rejected an offer from Microsoft. The news, first reported by the Wall Street Journal, caught some analysts by surprise because they had widely expected Microsoft, in a partnership with Walmart, to acquire TikTok’s U.S. operations.

Partnering is not the same thing as buying, and in fact most of what I’m reading sounds like Oracle won a bid to be their cloud servers. Or maybe they are even doing it for free, or…?

Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider,” beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S.

Oracle spokeswoman Deborah Hellinger said she was confirming remarks made by U.S. Treasury Secretary Steven Mnuchin, who told CNBC on Monday that TikTok’s parent company, ByteDance, submitted its proposal to the U.S. government for approval.

If this is all that comes out of it, than this is little more than electioneering of Prznint Stupid’s Tough On China policies.

“We did get a proposal over the weekend that includes Oracle as the trusted technology partner with Oracle making many representations for national security issues,” Mnuchin said.

…but they don’t get the source code and they do not get to make any changes? So much for all the gnashing of teeth over National Security!

Mnuchin said there’s also a commitment to make TikTok’s global operations a U.S.-headquartered company with 20,000 new jobs.

Ah. A jobs bribe.

“Is it irresponsible to speculate? It would be irresponsible not to.” – Bacardi Lifetime Achievement Winner, Peggy Noonan, Wall St. Journal, April 2000.

I am not privy to any details but everything looks like a head fake. If this is an acquisition, then Oracle has to make announcements to shareholders and the like and explain the value proposition. There is none, it doesn’t fall into ANY line of business for Oracle. It would also have to go through legal scrutiny, and there is no chance that it would be resolved before the end of the year, so this really smells funny to me. In fact, the whole deal (such as it is) could completely collapse and Oracle wouldn’t be on the hook.

That Safra Catz (Oracle CEO) is in the bag for Prznint Stupid is not in dispute at all, and frankly (full disclosure: when I worked there, I met her several times), she is more likely to be helping him in order to get a favor next term: Oracle wants to be in the running for the Pentagon’s cloud business if the Amazon lawsuit is successful in yanking the contract away from Microsoft.

UPDATE 1:

  • Microsoft dodged a bullet by “losing.” (Quartz)
     
  • Beijing had made it clear it would rather TikTok was forced to close in the US than be sold. (Reuters)
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9 Responses to Something Smells Bad in TikTok

  1. Dennis Cole says:

    Lest we forget, Larry Ellison hosted a fundraiser for The Don at his private ranch near Rancho Mirage back in Feb., causing more than a few employees to walk off their jobs for a day in protest. And while he may NOT have directly contributed to LDN’s warchest, he certainly gave many of his richest friends a fine opportunity to do so, which to me is a certain indicator of “tit-for-tat.”

    But, alas – I smell bamboozelements, with more than a faint hint of shenanigans, and I can’t help but notice this is exactly the kind of “inside-the-Beltway, backroom deal” that his crowd is accusing all past administrations of, amidst their cries of “Drain the Swamp!”

    I agree, TG – it’s most likely a “Look at how tough on China I am” maneuver, and it’s STILL beyond my ken, how a preznit can order a foreign-owned company to sell to an American one, bypassing Congress and their control of Commerce.

    Liked by 1 person

  2. Yet another shady business deal to help cronies of the Mango Mussolini. I had wonder what the hell Microsoft and Oracle were doing proclaiming they were gonna buy TikTok, it was a business so far removed from their core business.

    Finding out it wasn’t so much buying as ‘being their cloud provider in the US’ makes a lot more sense now

    Liked by 1 person

    • tengrain says:

      BDR –

      It’s a stretch, but one could make the case that MS already has social media (allegedly LinkedIn is considered social media), and with the ubiquity of their Outlook products, something-something-something… but Oracle? Nope. Nada. Nothing.

      Rgds,

      TG

      Liked by 1 person

      • Y’know, you’re right…I’d completely forgotten that MS bought LinedIn.

        I’d also almost completely forgotten LinkedIn…

        MS also has Yammer, Teams, and Hootenanny. (and one of those is not real, and 90% of the US population won’t know which one) although Teams is really great if you’re part of the Office365 Borg.

        Like

      • MDavis says:

        BDR – I don’t know which one is real. Don’t care, either.

        Like

  3. Also, given the insatiable demands of LDN’s narcissist ego and the pliant corruption of everyone in the west wing, it’s entirely possible this whole thing was just a bid to kick Sara Cooper off the service.

    Liked by 2 people

  4. Pingback: TikTok Sale A Sketchy Deal | personnelente

  5. MDavis says:

    Conway probably told him about it when her daughter went to the left-ish side on her.
    As far as LDN is concerned, I’d bet he doesn’t see Tik Tok as a real thing, it’s just the Sarah Cooper platform. Other than how it affects him, it doesn’t even exist.

    Liked by 1 person

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