Oracle has cautioned that a potential ban on the popular social media app TikTok in the United States could have a significant impact on the company’s revenue and profits. Oracle, a major player in the tech industry, is currently in talks to acquire TikTok’s US operations amid national security concerns raised by the Trump administration. If a ban is implemented and Oracle does not secure a deal with TikTok, the company could face a decline in revenue and profits, as TikTok is a valuable platform for advertising and user engagement. Oracle’s warning underscores the potential financial consequences of a TikTok ban and highlights the importance of the ongoing negotiations between the tech giant and the social media app.
Article Source
https://www.msn.com/en-ae/money/companies/oracle-warns-that-a-tiktok-ban-would-dent-revenue-and-profit/ar-BB1oObMH