TikTok Deal Details Emerge. Oracle Stock Surges.

Core Viewpoint - Oracle will continue to provide cloud services for a new U.S. version of TikTok, as confirmed by a White House official [1] Group 1 - The collaboration between Oracle and TikTok is part of ongoing efforts to ensure data security and compliance with U.S. regulations [1] - This partnership highlights the increasing importance of cloud services in the social media industry, particularly in the context of regulatory scrutiny [1]