Oracle Corp (ORCL): Stock To Boom to ATH After US TikTok Buy? () program details. Reviews, Scam or Paying
Under a potential agreement for TikTok’s US operations to be bought by a majority American ownership group, Oracle Corp (ORCL) will reportedly operate the social media platform’s algorithm. According to a senior White House official on Monday, a potential deal for the US to take ownership of TikTok operations in the country is close. If completed, the deal will transfer control of TikTok’s US operations, along with a copy of the algorithm, to a new joint venture based in the United States. That ownership group will have majority American investors and will be run by a majority American board of directors, the official said. “We are 100% confident that a deal is done,” White House Press Secretary Karoline Leavitt said last Saturday, adding that it would likely be signed “in the coming days.” Oracle stock (ORCL) is already up 28% in the last 30 days, as well as up over 80% year-to-date. Oracle is heavily involved in the AI race, embedding generative and predictive response app...