ORCL Just Became a Social Media Stock
In what has been an otherwise rather boring year in the social media stock space, a huge move has totally upended the status quo: Oracle Corporation (NYSE:ORCL) is no longer just a cloud stock, but now also lays claim to being one of the largest social media companies around.
That's because Oracle stock has now received a boost in a big way via its reported deal to gobble up TikTok's U.S. operations.
Remember that TikTok, owned by Chinese company ByteDance Ltd., was seeking a buyer for its U.S. operations after it has been floated that the U.S. federal government would potentially ban.
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In what has been an otherwise rather boring year in the social media stock space, a huge move has totally upended the status quo: Oracle Corporation (NYSE:ORCL) is no longer just a cloud stock, but now also lays claim to being one of the largest social media companies around.
That's because Oracle stock has now received a boost in a big way via its reported deal to gobble up TikTok's U.S. operations.
Remember that TikTok, owned by Chinese company ByteDance Ltd., was seeking a buyer for its U.S. operations after it has been floated that the U.S. federal government would potentially ban.
Den vollständigen Artikel lesen ...