Oracle’s revenue could be significantly impacted by a potential US ban on TikTok, as the software giant recently admitted in its annual report. The relationship between Oracle and TikTok is crucial, with Oracle providing essential cloud infrastructure for the platform’s more than 150 million US users. Any disruption to these services could harm Oracle’s financial … Read more
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
ByteDance, the China-based owner of TikTok, is facing potential consequences from the US ban on the popular social media platform. Oracle, who provides hosting services for TikTok, has warned that the ban could impact its revenue and profits. The US Senate passed a bill in April requiring ByteDance to transfer its US operations or face … Read more
Oracle recently revealed in its annual report that a potential ban on TikTok in the United States could have a negative impact on its business. As a provider of cloud infrastructure services for TikTok, which has over 150 million users in the US, Oracle could see a decline in revenue and profits if it is … Read more
The future of TikTok in the United States is uncertain as President Joe Biden has signed a bill requiring ByteDance, the platform’s Chinese parent company, to sell the app or face a ban. This has raised concerns for Oracle, one of TikTok’s largest clients in the technology sector, as a ban could negatively impact its … Read more
The US ban on Chinese social media company TikTok is expected to impact Oracle’s revenue and profits. Oracle stated in a filing with the US Securities and Exchange Commission that the ban will make it illegal to provide Internet hosting services to TikTok within the US, potentially leading to a negative impact on their financials … Read more
Oracle recognized in its annual report that a potential ban on TikTok in the United States could negatively impact its business. President Joe Biden had signed a bill requiring China’s ByteDance, TikTok’s parent company, to sell the popular video-sharing app within nine months, potentially extending to a year with approval, in order to avoid a … Read more
Oracle, a software company, has expressed concern that a ban on TikTok in the United States could negatively impact its business, according to its annual report. President Joe Biden signed a bill in April requiring China’s ByteDance, TikTok’s parent company, to sell the app within nine months to avoid a ban. Oracle provides cloud infrastructure … Read more
Cloud giant Oracle has expressed concerns about a potential ban on TikTok in the United States and how it could impact the company’s financial performance. In its annual report to the SEC, Oracle stated that being unable to provide services to TikTok, along with the inability to redeploy that capacity promptly, could negatively affect its … Read more
Software company Oracle is concerned that a potential ban on TikTok in the United States could negatively impact its finances. Congress passed a bill that would require TikTok’s parent company, ByteDance, to sell the app within 12 months or face an outright ban. Oracle provides cloud infrastructure support for TikTok and warned investors that if … Read more