indicated in 2019, the latter three companies all picked up more cloud revenue than Oracle. Microsoft appeared to be the front runner in the race to buy TikTok's U.S. operations until Sept. 13, when it announced that TikTok's Beijing-based parent companyTikTok said in a statement Saturday that Oracle will be responsible for "hosting all US user data and securing associated computer systems to ensure US national security requirements are fully satisfied.
"Now, Oracle can actually claim to be hosting what might be the two most important sites of our generation — both TikTok and Zoom. And, they take away a good chunk of equity in TikTok in the process," Davis said. "For them, it's a quite an interesting deal.", and passed up on industry leaders Amazon Web Services, Alphabet's Google Cloud Platform and Microsoft's Azure Cloud.
"I'm sure that Facebook was hoping that this would be a chance for their new competitor to do the same," Davis said, referring to . "It looks like that's not going to happen. It looks like they're going to have to go up against this giant that is TikTok."Alongside Oracle's 12.5% stake, Walmart said it tentatively agreed to purchase a 7.5% stake in TikTok and CEO Doug McMillon would serve as a board member of a newly created U.S.-headquartered company, TikTok Global.
Really? TicTok is now considered one our greatest sites....? for one, it’s not ours, and for two it’s not great.
Which makes them a great partner for the US government
Buy Oracle stocks! Damn good move by Oracle
Great to see a right leaning company improve so much.
tiktok go to death!!!
Yikes
Now if only they can remain independent of CCP control as CNBC has NOT bothered to do.
Yeah, and no hacking goes on with ZOOM, right?
That's nice. Now they have 2 customers in their cloud. ;-)
Just here to say that Vine and Skype were the same combo just a couple years back.
U cover this as if it was ever a legit thing. Prepz stole 25% of company for his friend.
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