Oracle is reportedly positioned to acquire a controlling stake in and run the popular social media app, TikTok. The news highlights the long-standing support of Oracle's co-founder, Larry Ellison, for Jewish causes and the state of Israel, suggesting this could influence the platform's content moderation policies, particularly concerning antisemitism. This development would mark a significant strategic move for Oracle, a company primarily focused on enterprise software and cloud infrastructure. Taking operational control of a massive consumer-facing platform like TikTok would diversify Oracle's business and place it at the center of ongoing debates about social media, data security, and international relations. Details regarding the structure of a potential deal have not been disclosed.
Oracle Reportedly Poised to Assume Control of TikTok Operations
ORCL
Related News
ORCL
🔴 Oracle Corporation is trading 2.5% down today on cloud capacity deal concerns and broader Nasdaq pressure
ORCL
🔴 Oracle Corporation is trading 2.2% down today as it denies reports of a stalled $3B Microsoft cloud deal
ORCL
🔴 Oracle Corporation is trading 2% down today amid concerns over massive debt for AI infrastructure
ORCL
🟢 Oracle Corporation extends move to 5.7% up
ORCL