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When Mnuchin was Treasury secretary, he helped the Trump administration broker a deal in 2020 that would have had U.S. corporations Oracle and Walmart take a large stake in TikTok on national ...
Wedbush analyst Dan Ives estimates TikTok is worth “well north of $100 billion” with the algorithm — and potentially up to $200 billion in a “best case scenario.” “Without the algorithm it’s $40 billion to $50 billion,” Ives said, adding he does not believe that ByteDance and Beijing would sell TikTok with the algorithm.
A deal that would give Oracle and Walmart ownership stakes in TikTok is up in the air — and may not happen at all, as the Biden administration reviews Trump’s actions and policies against ...
If the U.S. government bans TikTok, it could be a major blow to Oracle.
TikTok is an explosively popular video app that has grown rapidly in size. Learn more about the fast growing net worth of TikTok, and if you should invest.
Walmart Inc's (NYSE: WMT) proposed investment for a 7.5% stake in TikTok is still awaiting approval from the U.S. and China. Oracle Corpoation (NYSE: ORCL) is expected to acquire a 12.5% stake in ...
TikTok chose Oracle as its "technology partner" in the U.S. on Sept. 13. While Trump has given his blessings to the deal, he may still ban it starting Nov. 12.
TikTok is nearing a deal for Oracle Corp to store its U.S. users' information without its Chinese parent ByteDance having access to it, hoping to address U.S. regulatory concerns over data ...