TikTok Ban Would Hurt Oracle. Is It Time to Sell the Stock?
Oracle(ORCL) The Motley Fool·2024-06-27 08:35
If the U.S. government bans TikTok, it could be a major blow to Oracle.It was a big coup for Oracle (ORCL -0.68%) to become the cloud technology provider for ByteDance's TikTok back in late 2020. The social media app with ties to the Chinese government has become quite popular and it helps generate significant usage fees. TikTok being banned by government regulators from operating in the U.S. could be a big blow to Oracle's revenue stream. Let's look at the impact of a TikTok ban on Oracle and whether inves ...