The TikTok ban is suspended for 75 days. A buyer is to be found. This is positive for Oracle!
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Donald Trump has also suspended the TikTok ban for 75 days. A US buyer is to be found who holds at least 50% of the company. Additionally, companies like Oracle (ORCL), which provide the infrastructure, have been assured that there will be no legal consequences from the collaboration with TikTok. Oracle is a beneficiary of the expansion of the data center infrastructure at TikTok. The company manages the data of 170 million users. It is estimated that TikTok generates around 16 billion USD in revenue in the USA, and it may have up to five percent...
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