Oracle has issued a warning about the potential consequences of a TikTok ban on its operations and revenue. The tech giant provides infrastructure and cloud services to TikTok, which has a large user base of between 100 and 50 million users in the US. While specific financial details of Oracle’s relationship with TikTok have not … Read more
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
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. … Read more
Oracle (NYSE:ORCL) has cautioned investors that a potential law banning the popular social media app TikTok in the US could have an adverse impact on its profits. In April, President Biden signed a bill that would ban TikTok in the US unless it severs ties with its China-based parent company, ByteDance (BDNCE), and finds a … Read more
Oracle, the multinational computer technology corporation, has warned that a potential ban on TikTok in the United States could have negative effects on its profits. The popular video-sharing app has been at the center of controversy due to concerns over the security of user data and its ties to the Chinese government. If TikTok were … Read more
Oracle Corp. has alerted investors to the potential financial impact of a US ban on TikTok. The company faces challenges due to a new law signed by President Biden that could make providing internet hosting services to TikTok illegal unless certain conditions are met by its Chinese owners. This could result in a loss of … Read more
CEOs of major companies including Oracle Corp. and Palantir Technologies recently met with senators on Capitol Hill to advocate for US support of Israel during its invasion of Gaza. At the same time, they sought assistance in freeing hostages held by Hamas. However, Oracle faces potential financial setbacks if a ban is imposed on TikTok … Read more
Oracle Corp. raised concerns that a new law signed by President Joe Biden in April could potentially ban TikTok in the United States and negatively impact its financial results. The law would make it illegal to provide internet hosting services to TikTok unless its China-based owners take specific actions. Oracle, which provides cloud infrastructure services … Read more
Oracle has cautioned that a ban on TikTok in the United States could negatively impact its revenue and profits. The tech giant, which is in talks to acquire the popular social media app’s US operations, made the warning amid ongoing discussions surrounding national security concerns related to TikTok’s Chinese ownership. Oracle’s potential deal with TikTok … Read more
Oracle, a major technology company, is cautioning that a potential ban on the popular social media app TikTok could have negative consequences on its revenue and profits. The company has expressed concerns about the impact of such a ban on its business operations, as TikTok is a significant customer of Oracle’s cloud computing services. Oracle’s … Read more