Oracle Corporation (NASDAQ:ORCL), Wal-Mart Stores, Inc. (NYSE:WMT) – Trump Said TikTok Deal Would Create $5B Patriotic Education Fund. ByteDance Says It Has No Clue

President Donald Trump suggested Saturday that the TikTok deal he gave his “blessing” to involved a $5 billion education fund for the United States, but ByteDance claims it didn’t hear of this until media reports emerged.

What Happened: “They are going to pay $5bn into a fund for education so we can educate people as to the real history of our country. We are getting very close to that deal,” the president had told his supporters on Saturday in North Carolina, the Financial Times reported.

ByteDance, in a Chinese social media post on Sunday, said it was the first time it was hearing of such a fund, according to Reuters.

“The company has been committed to investing in the education field, and plans to work with partners and global shareholders to launch online classroom projects based on AI and video technology for students around the world,” the TikTok parent said

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Trump’s ‘patriotic education’ campaign aligns with autocrats like China’s Xi Jinping and Hungary’s Viktor Orban

“Patriotic moms and dads are going to demand that their children are no longer fed hateful lies about this country,” Trump said. “American parents are not going to accept indoctrination in our schools, cancel culture at work or the repression of traditional faith, culture and values in the public square. Not anymore.”

There’s nothing particularly new about this latest shot across the bow in the United States’ divisive culture war, apart from the president using his bully pulpit to make it. Trump can’t exactly rewrite textbooks and curriculums, which are the province of the states and local districts. But it’s yet another dynamite charge to stoke a nativist base. Weeks away from an election, Trump said his administration would launch a national panel to create a “pro-American curriculum,” which he dubbed the “1776 Commission.”

That appears to be a White House response to the “1619 Project,” a Pulitzer Prize-winning set

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Trump Wants $5 Billion From TikTok for ‘Patriotic Education’

Over the weekend, the president announced that the deal for Oracle to purchase TikTok had his “blessing” just hours before his deadline to block new downloads of the video-sharing app was scheduled to go into effect on Sunday. But Trump, known for the quid pro quo nature of his business and policy dealings, announced a new, last-minute caveat for the deal to stop the Chinese firm ByteDance from overseeing TikTok’s U.S. operations.

On Saturday, President Trump said that the companies involved in the venture must pay the U.S. government $5 billion to fund his new, authoritarian-lite National Commission to Support Patriotic Education, which he announced his intention to form on Thursday. “Do me a favor, could you put up $5 billion into a fund for education so we can educate people as to the real history of our country,” Trump framed the deal at a rally in North Carolina on

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Behind Trump’s Push for ‘Patriotic Education’ in US History

Amid the ongoing national crisis over the deadly COVID-19 virus, the President of the United States warned of another national crisis on Thursday: the “ideological poison” of “radical” history education.

Speaking on Constitution Day from the National Archives—where original copies of the Declaration of Independence, the Constitution of the United States and the Bill of Rights are on display—during a White House conference on American History, President Donald Trump announced that he was signing an executive order to establish the “1776 Commission,” a group that would “promote patriotic education,” and that the National Endowment for the Humanities would be awarding a grant to support the development of a “pro-American curriculum that celebrates the truth about our nation’s great history.”

In the course of his announcement, Trump claimed that people on the left want to “bully Americans into abandoning their values, their heritage and their very way of life,” and

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