Oracle says US ban of TikTok would hurt its profits

June 25, 2024

Software giant Oracle warned investors that a US ban of TikTok will likely damage its bottom line if it takes effect.

In April, Congress passed a bill that would require TikTok’s Beijing-based parent ByteDance to divest from the app entirely within 12 months or face a total US ban.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.



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