President Trump says $5 Billion From TikTok, Oracle, Walmart Deal Will Go Toward Education

PARIS, FRANCE - MARCH 05: In this photo illustration, the social media application logo, Tik Tok is displayed on the screen of an iPhone on March 05, 2019 in Paris, France. The social network broke the rules for the protection of children's online privacy (COPPA) and was fined $ 5.7 million. The fact TikTok criticized is quite serious in the United States, the platform, which currently has more than 500 million users worldwide, collected data that should not have asked minors. TikTok, also known as Douyin in China, is a media app for creating and sharing short videos. Owned by ByteDance, Tik Tok is a leading video platform in Asia, United States, and other parts of the world. In 2018, the application gained popularity and became the most downloaded app in the U.S. in October 2018. (Photo by Chesnot/Getty Images)

By Dalvin BrownPresident Donald Trump has signed off on a business proposal between TikTok, Walmart and Oracle that would allow the social networking app to continue to operate in the U.S.

One of Trump’s stipulations for approving the deal was a $5 billion commitment from the companies to create an education initiative that teaches children America’s “real history,” the President said.

Trump first mentioned the education fund on Saturday as he left the White House for a campaign rally in North Carolina. “We’re going to be setting up a very large fund for the education of American youth,” Trump told reporters as he announced “conceptually” signing off on the TikTok venture.

“That’ll be great. That’s their contribution that I’ve been asking for,” Trump added.

During a campaign speech later that evening, Trump laid out more details surrounding how the proposed education commitment unfolded.

He told the audience in Fayetteville, North Carolina, that when talking with the heads of the companies, he asked them to “do me a favor, could you put up $5 billion into a fund for education, so we can educate people as to real history of our country. The real history, not the fake history.”

The Trump-approved, U.S.-based version of TikTok will employ 25,000 people and likely be headquartered in Texas, the President said.

Trump’s education announcement comes days after he slammed the New York Times Magazine’s 1619 Project curriculum, which reframes the way American history and slavery is taught in schools.

“The left has warped, distorted, and defiled the American story with deceptions, falsehoods, and lies. There is no better example than the New York Times’ totally discredited 1619 Project,” Trump said Thursday during a speech at the National Archives in Washington.

He claimed the project rewrites “American history to teach our children that we were founded on the principle of oppression, not freedom.”

Trump also said he would create a national “1776 commission” to would “promote patriotic education.”

Follow Dalvin Brown on Twitter: @Dalvin_Brown. 

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