Reported 8 months ago
Oracle has cautioned that a proposed TikTok ban could have adverse effects on the company's operations and revenue as it provides cloud infrastructure and services to TikTok. The ban could potentially impact Oracle's revenue, with estimates ranging from $480 million to $800 million annually, depending on the specifics of the ban. The Biden administration's stance on the issue and TikTok's significant usage of Oracle's services further highlight the financial implications for the tech giant.
Source: YAHOO