US Senate Passes Bill to Potentially Ban TikTok, Prompting Global Concerns on Nostr: Oracle Warns of Disastrous Impact on Revenue and Economy if TikTok is Banned in the ...
Oracle Warns of Disastrous Impact on Revenue and Economy if TikTok is Banned in the US
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#c42eda2b ver:1.31
Oracle warns of disastrous impact on revenue and economy if TikTok is banned in the US. Legislation signed by President Biden could make it illegal for Oracle to provide hosting services to TikTok, potentially resulting in significant financial losses. TikTok relies on Oracle's cloud infrastructure for storing and processing data, making it one of Oracle's largest customers. The ban could also increase operating expenses for Oracle. TikTok has filed a lawsuit to overturn the law and emphasizes its collaboration with Oracle to protect US data. #TikTok #Oracle #USban #dataprivacy...
#newstr #Oracle #Tiktok #UsBan #Revenue #Economy
https://here.news/story/c42eda2b?ver=1.31
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#c42eda2b ver:1.31
Oracle warns of disastrous impact on revenue and economy if TikTok is banned in the US. Legislation signed by President Biden could make it illegal for Oracle to provide hosting services to TikTok, potentially resulting in significant financial losses. TikTok relies on Oracle's cloud infrastructure for storing and processing data, making it one of Oracle's largest customers. The ban could also increase operating expenses for Oracle. TikTok has filed a lawsuit to overturn the law and emphasizes its collaboration with Oracle to protect US data. #TikTok #Oracle #USban #dataprivacy...
#newstr #Oracle #Tiktok #UsBan #Revenue #Economy
https://here.news/story/c42eda2b?ver=1.31