Why Potential TikTok Ban Threatens Cloud Business
@TigerOptions:
$Oracle(ORCL)$ finds itself in a precarious situation as the ongoing saga of TikTok's ownership unfolds. The company recently acknowledged in its annual report that a potential U.S. ban on TikTok could negatively impact their business. As someone who closely monitors ORCL, this news raises some concerns. Oracle currently provides cloud infrastructure for TikTok, a service that likely generates significant revenue for them. While the exact details haven't been disclosed, estimates suggest Oracle could be earning hundreds of millions annually from TikTok's cloud usage. This represents a valuable chunk of their overall cloud revenue, which sits at $6.9 billion for the fiscal year. If the U.S. government enforces a ban on TikTok, Oracle stands to lose