If there’s one thing President Donald Trump cannot do, it’s keep a secret. Alongside saying that negotiations between the U.S. and China held in Madrid September 14 and 15 had gone well, Trump decided to tease a cliffhanger that would keep everyone coming back to his Truth Social profile. “A deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save,” he wrote. “They will be very happy.”
That “certain” company is TikTok, and the smart betting is that the deal that placates both the U.S. and China could involve Oracle, the company cofounded by Larry Ellison, which this month shot up in value, making the 81-year-old the world’s richest man for a short period. Oracle was a preferred buyer in Trump’s eyes earlier this year, when TikTok’s parent comp