US Senate Passes Bill to Potentially Ban TikTok, Prompting Global Concerns on Nostr: Oracle's Revenue and Profit at Risk as TikTok Ban Looms =============== #c42eda2b ...
Oracle's Revenue and Profit at Risk as TikTok Ban Looms
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#c42eda2b ver:1.3
Oracle warns of potential negative impact on revenue and profit due to the looming TikTok ban in the US. Legislation signed by President Biden could make it unlawful for Oracle to provide hosting services to TikTok. Oracle estimates annual revenue from TikTok at $480M to $800M, with potential losses ranging from $370M to $1.3B. While the ban would harm Oracle, the company's strong cloud business and partnerships may help it recover. TikTok may find a US buyer and avoid the ban. #Oracle #TikTokBan #RevenueImpact #CloudInfrastructure...
#newstr #Oracle #Tiktok #Bytedance #JoeBiden #MorganStanley #CloudInfrastructure #Alphabet #Openai
https://here.news/story/c42eda2b?ver=1.3
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#c42eda2b ver:1.3
Oracle warns of potential negative impact on revenue and profit due to the looming TikTok ban in the US. Legislation signed by President Biden could make it unlawful for Oracle to provide hosting services to TikTok. Oracle estimates annual revenue from TikTok at $480M to $800M, with potential losses ranging from $370M to $1.3B. While the ban would harm Oracle, the company's strong cloud business and partnerships may help it recover. TikTok may find a US buyer and avoid the ban. #Oracle #TikTokBan #RevenueImpact #CloudInfrastructure...
#newstr #Oracle #Tiktok #Bytedance #JoeBiden #MorganStanley #CloudInfrastructure #Alphabet #Openai
https://here.news/story/c42eda2b?ver=1.3