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President Donald Trump last month used his office to ignite an international business crisis that’s plunged into doubt the future of one of the world’s most popular social media platforms — a decision that’s now led to the apparent benefit of a major political backer.
As Oracle seeks US approval for a landmark partnership with the short-form video app TikTok, experts say questions will intensify over Trump’s political relationship with Oracle chairman and co-founder Larry Ellison.
One of the richest men in the world, Ellison has built extensive bridges with Trump. He has vocally expressed support for the President and reportedly hosted a major fundraiser for him this year where donors who paid $100,000 were offered a chance to golf with Trump.
Nor will the scrutiny be limited to Ellison; Oracle CEO Safra Catz shares close ties with Trump as well. She has donated more than $130,000 to Trump’s reelection efforts this year, according to Federal Election Commission data. Catz served on Trump’s presidential transition team in 2016 and was at one point considered for a position inside the administration. Both Catz and Ellison have served on Trump’s industry working groups devoted to economic revival.
Oracle didn’ …
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