370M

Morgan Stanley: Oracle’s Potential Financial Impact from TikTok Ban Estimated to be $370M to $1.3B

by

According to a report from Morgan Stanley, Oracle could potentially face a financial hit ranging from $370 million to $1.3 billion if the proposed ban on TikTok in the United States were to go through. The investment firm’s analysis suggests that Oracle’s potential revenue from hosting TikTok’s data and operations in the US could be … Read more

Morgan Stanley predicts potential $370M to $1.3B impact from Oracle’s involvement in TikTok ban

by
Morgan Stanley predicts potential 0M to .3B impact from Oracle’s involvement in TikTok ban

Morgan Stanley warned Oracle (NYSE: ORCL) of potential financial risks ranging from $370 million to $1.3 billion due to a law that could ban TikTok in the US if it does not divest from its Chinese parent company, ByteDance (BDNCE). Oracle, a major cloud infrastructure provider for TikTok, could see a hit to its revenue … Read more