Bloomberg-Oracle Corp. (ORC) reported fiscal second- quarter sales and profit that topped analysts’ estimates on growing demand for Internet-based software, which is now on track to bring in more than $1 billion in revenue this year.
President Donald Trump said he approved a deal on Saturday that will see the creation of a U.S.-headquartered firm called TikTok Global with Oracle and Walmart taking minority stakes. Oracle will become TikTok's secure cloud provider and host U.S. user data.
TikTok rejected Microsoft bid. They will make a partnership with Oracle to appease the demands of Donald Trump's administration.
In the ongoing saga between TikTok and the US, it seems that Microsoft and Oracle are now out of contention. Here's what to know.
