Oracle

TikTok US

US offers to exempt employees and contractors from TikTok executive order

The US has offered to exclude from President Trump’s executive order transactions that involve TikTok workers and contractors performing”their regular job duties and re...

TikTok

ByteDance picks Oracle as its partner in an attempt to save TikTok US

Oracle has announced that it might team up with ByteDance in order to maintain TikTok’s ability to continue operating in the United States, beating Microsoft in a deal struct...

TikTok US

ByteDance drops TikTok’s US sale, to partner with Oracle

ByteDance abandoned the purchase price of TikTok from the US on Sunday to pursue a partnership with Oracle it hopes will save it a US prohibit when appeasing China’s authorit...

ByteDance CEO

TikTok troubles narrow gap between Beijing and ByteDance founder Zhang Yiming

ByteDance founder Zhang Yiming has positioned himself as a global platform entrepreneur, largely eschewing any Chinese government involvement, but the ongoing US demands to divest ...

TikTok China US

Aspiring TikTok buyers pursue four options in effort to progress talks

TikTok’s prospective buyers are discussing four strategies to structure an acquisition from its Chinese proprietor ByteDance, including purchasing the program’s US oper...

Zoom

Zoom forecasts sales surge as video conferencing becomes the norm

Zoom increased its annual revenue forecast by over 30% after comfortably defeating quarterly estimates on Monday since it converts more of its huge free user base to paid subscript...

US China Relations

Stocks of TikTok US suitors hit by fears of blocks by China

Shares of TikTok US suitors Microsoft, Oracle and Walmart fell on Monday trading following Communist China’s move to limit some tech exports spurred worries Beijing might blo...

TikTok US

Poll: Forty percent of Americans back Trump executive order on TikTok

Forty percent of Americans ago President Donald Trump’s threat to prohibit video-sharing app TikTok if it is not sold to a US buyer, according to a national survey carried ou...

TikTok

Wall Street believes Walmart can go viral with TikTok acquisition

Wall Street was quick to observe the reason for Walmart leaping into the fray to purchase TikTok – accessibility to countless youthful, digitally educated users who might ass...

TikTok

ByteDance investors seek to use stakes to finance TikTok bid

Investors in ByteDance are in talks to utilise their stakes in the Chinese tech Goliath to help finance a bid for its popular short-video app TikTok, according to people familiar w...

TikTok US

TikTok to challenge US order banning transactions with the video app?

TikTok is preparing to mount a legal challenge as early as Monday to President Donald Trump’s executive order prohibiting transactions with the favorite short video program a...

TikTok US

Oracle enters race to buy TikTok’s US operations

The Financial Times newspaper has reported that Oracle has held preliminary talks with TikTok’s owner, ByteDance, and is said to be seriously considering buying the viral sho...

Wall Street

Oracle misses revenue estimates on coronavirus-led order delays

Oracle Corp posted quarterly revenue below Wall Street estimates as the coronavirus crisis led clients in the hospitality, retail and transportation sectors to postpone purchases, ...