Oracle Corp. faces financial repercussions due to a new law potentially banning TikTok in the U.S., as warned in a regulatory filing. The law signed by President Joe Biden could make it illegal to provide internet hosting services to TikTok without certain steps taken by the China-based owners. Oracle, which relies on TikTok as one … Read more
In late 2020, Oracle (NYSE: ORCL) suffered a setback when it failed to secure a deal to provide cloud technology to the popular social media app TikTok, owned by ByteDance. This deal could have been a significant source of revenue for Oracle, as TikTok has a large user base and generates substantial user fees. However, … Read more
The potential ban on TikTok in the United States could have negative implications for the cloud earnings of Oracle, a tech company known for its cloud services. Oracle has been in talks to acquire TikTok’s U.S. operations to address national security concerns raised by the U.S. government. However, if the ban on TikTok goes through … Read more
A telemedicine company focused on treating ADHD has had its ads banned by both Google and TikTok amidst a federal investigation. The Wall Street Journal reported exclusively on this development, revealing that the company’s advertising efforts have been halted on these popular platforms due to the ongoing scrutiny from federal authorities. The company, which specializes … Read more
Stock futures are pointing to a lower opening, with S&P 500 futures down 10 points, Nasdaq 100 futures down 32 points, and Dow Jones Industrial Average futures down 70 points, all trading below fair value. The semiconductor sector is experiencing losses, with Nvidia down almost 2% premarket and Micron down nearly 6% despite positive earnings … Read more
The ongoing saga involving TikTok has taken a new turn with Oracle expressing concern about the implications of a possible ban on the popular video-sharing app. Oracle’s financial interests in TikTok stem from its role as the “trusted technology partner” in the US, with a $1 billion investment in the partnership. The company views the … Read more
Oracle could face a significant blow if the US government decides to ban TikTok, a popular social media app owned by ByteDance. As one of the main providers of cloud technology for TikTok, Oracle could lose a significant source of revenue if the ban is enacted. Analysts estimate that TikTok contributes between $480 million and … Read more
Oracle faced a setback when it lost its cloud technology provider partnership with TikTok, a popular social media app owned by ByteDance. As the US government’s ban on TikTok looms, Oracle’s revenue stream is at risk. The potential ban would have negative effects on Oracle’s revenue and profits, as TikTok is estimated to be one … Read more
Technology giant Oracle has warned that a potential ban on the popular social media app TikTok in the United States could have negative consequences for its cloud business. Oracle, which has recently entered the race to acquire TikTok’s US operations, has raised concerns about the impact of a ban on its cloud computing division. The … Read more
&w=1200&resize=1200,675&ssl=1 "Oracle warns that a TikTok ban in the US would have disastrous consequences for revenue and the economy.")
Oracle has warned investors about the financial impact of a potential US ban on TikTok, as the law signed by President Joe Biden in April states that providing internet hosting services to TikTok is illegal unless certain conditions are met by its China-based owners, ByteDance. In a regulatory filing, Oracle stated that if they cannot … Read more