Oracle Is Poised to Get a TikTok Boost. Should You Buy, Sell, or Hold ORCL Stock Here?
Oracle (ORCL) stock saw focus once again after reports surfaced the company would play the key role for the United States restructuring of TikTok. Oracle would rebuild and retrain a domestic-only iteration of TikTok’s algorithm away from ByteDance, the Chinese parent company, according to a White House official. The deal also places Oracle as the party responsible for TikTok’s United States user data through a cloud framework. Though the shares of Oracle slipped by over 5% for the current session, the sha ...