IS $ORCL A BUY RIGHT NOW | TIK TOK NEWS

TL;DR

Oracle's offer accepted for TikTok partnership, uncertainty regarding ownership and US approval.

Transcript

what a choppy day what's going on team it's ricky with tech solutions i'm not too sure if you guys can agree but as soon as the market opened we began to really consolidate and really stocks were not going anywhere right there's a lot of consolidation then the overall market began to sell off and then now it's making a steady recovery and not even ... Read More

Key Insights

• ❓ Market started choppy, then sold off, now in recovery.
• ⁉️ Oracle accepted for TikTok partnership, questions about algorithm ownership.
• ❓ Walmart initially partnered with Microsoft for TikTok.
• ❓ Microsoft's offer denied, extended to Oracle.
• ⚾ Oracle stock up based on news.
• ❓ Market performance influences Oracle's stock.
• ❓ Uncertainty over US approval of TikTok partnership.

Questions & Answers

Q: What is the current status of Oracle's offer for a partnership with TikTok?

Oracle's offer was accepted for a strategic partnership with TikTok, but questions remain about ownership and US approval due to concerns over the algorithm.

Q: Why did Microsoft's offer for TikTok partnership get denied?

Microsoft's offer was rejected, leading them to extend the offer to Oracle, as concerns over China's control and security prompted the rejection.

Q: How has the market reacted to news of the TikTok partnership?

The market initially sold off but is now in a steady recovery, with Oracle's stock up but influenced by overall market performance.

Q: What are the implications of Oracle not owning the TikTok algorithm?

Oracle's partnership as a strategic partner means they won't own the algorithm, raising doubts about US approval and the viability of the partnership.

Summary & Key Takeaways

• Market initially consolidated, then sold off, and now in steady recovery.

• Oracle's offer for TikTok partnership accepted, raising questions about ownership and US approval.

• Walmart initially partnered with Microsoft for TikTok, now Microsoft extends offer to Oracle.