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Last summer, Oracle warned investors that a TikTok ban would hurt profits and increase expenses. Tiktok has often invoked Oracle in its years-long struggle to avoid a US ban.
TikTok’s immediate future may rest in the hands of a tech company that has largely avoided the spotlight: Oracle. The company is one of the app’s leading server providers, managing the data ...
Top congressional aides met with Oracle on Tuesday to talk about TikTok, which faces a ban in the United States unless it is sold to a non-Chinese owner by early April.
In fact, TikTok has become such a major customer of Oracle's, that the latter said a ban on the former would hurt its business. Other U.S. investors are also involved in the TikTok takeover talks.
Oracle is considering a deal that would have it “vouch” for TikTok’s security in exchange for a small stake in its US operations, according to Bloomberg.
The ban is set to go into effect on Jan. 19, a day before Trump's inauguration. Social media platform TikTok is hurtling toward a U.S. ban that could upend its business and frustrate more than 150 ...
Tech billionaire Larry Ellison’s Oracle is reportedly a “leading contender to help run TikTok” as the Trump administration works to secure a sale that would avoid a complete ban of the China ...
Even with any assurances from Donald Trump, companies like Apple, Google, and Oracle would be taking a risk by not complying with the TikTok ban.
So really, this is a political and rights-based case. But when you add Trump’s involvement in postponing the ban, several companies rallying to purchase TikTok and consumer responses to a world ...
The aim is to place oversight control in the hands of American software company Oracle and other investors. Under federal law, TikTok must split apart from China, or face a nationwide ban.
The tech giants all have large cloud contracts with TikTok — and they’ll have to end service on them by January 19 unless a court intervenes.