Mark Twain is credited with first saying that if you don’t like the weather in New England, just wait five minutes. The TikTok deal has followed a similar schedule.
On Friday, President Trump said downloads of TikTok would be banned from mobile app stores on Sunday, potentially preventing users from receiving critical security updates.
On Saturday, Trump said he supported Oracle’s bid to acquire a stake in TikTok and oversee some of its operations, and extended the ban date to September 27th. As part of the deal, he said, the companies involved had agreed to contribute $5 billion for “patriotic education.”
On Sunday, everyone involved took a well deserved rest. And as Monday dawned, everything went to hell.
Everyone agrees that Oracle and Walmart have bought a combined 20 percent of TikTok. But the remaining 80 percent appears to be up for grabs. Here are Georgia Wells and Alex Leary