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If the U.S. government bans TikTok, it could be a major blow to Oracle.
Oracle, a traditional business-to-business software company previously tried to buy TikTok in 2020. The deal would have helped Oracle break into the market for cloud services dominated by Amazon ...
While firms like Apple are taking a more cautious approach -- the iPhone maker is still blocking the download of TikTok in its app store -- Oracle has taken Trump at his word, and millions of U.S ...
The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its ...
Shares of Oracle (NYSE: ORCL) flew higher this week. The firm's stock gained 14% as of 4:20 p.m. ET, but was up as much as 17.4% earlier in the week. The surge comes as the S&P 500 (SNPINDEX ...
Oracle (ORCL) and Walmart have issued a joint statement confirming their plans to snap up a minority stake in TikTok's U.S. business. Oracle will acquire a 12.5% stake in TikTok Global, while ...
NBC News previously reported that Oracle would have operational control over the app in the U.S. while ByteDance would retain majority ownership over TikTok. Walmart then joined Oracle in offering ...
Both companies dropped their efforts after TikTok agreed to work with Oracle on Project Texas, the initiative by TikTok to store US user data on Oracle-owned servers and that was intended to ...