TikTok affair exposes ugly intersection between US politics and capitalism
The wash-up of the TikTok affair has exposed a disturbing distortion of the relationship between domestic politics and capitalism in the world's supposed leading free-market economy and open society.
Oracle's co-founder and chairman Larry Ellison has conducted fundraisers for Trump's re-election campaign and its chief executive, Safra Catz, has been a significant donor to the campaign and was a member of the Trump transition team in 2016. Ellison, who Trump has described as "a tremendous guy", has also been enthusiastically supportive of Trump's controversial advocacy of hydroxychloroquine as a treatment for the coronavirus.
Trump wasn't as enthusiastic about a deal when it was Microsoft, forever associated with Bill Gates, which appeared most likely to acquire TikTok in the US.
Oracle deal for US TikTok now in doubt after Trump, China remarks
- by Saleha Mohsin and Jennifer Jacobs
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