Oracle is in talks to acquire TikTok’s U.S. operations, sources say
cnbc.com
cnbc.com
The stock has ben trading flat for months now while most large cap tech stocks are reaching their all time highs. Oracle just doesn't want to be left out from the party.
This article could have been co-written by Oracle PR, but still, it has some relevant details: https://www.businessinsider.com.au/oracle-most-influential-a...
Also, I gotta love their product name: Oracle Data Cloud. How deliberately vague is that? Sounds totally harmless. At least Adobe (yes, Adobe has an ad network too!) calls theirs Adobe Advertising Cloud.
ByteDance will be okay and must forget global ambitions in the Western world and just be content with having 1.3 billion potential customers.