'TikTok Says U.S. Survival Plan is Going Forward. Its Cloud Provider Isn't So Sure; TikTok And Oracle Haven't Reached Agreement On Monitoring App' - The Information
Portfolio Pulse from Benzinga Newsdesk
TikTok claims its US survival plan is progressing, but its cloud provider, Oracle, has doubts as they haven't reached an agreement on monitoring the app.
May 22, 2023 | 2:33 pm
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NEGATIVE IMPACT
Oracle's partnership with TikTok faces challenges as they haven't reached an agreement on monitoring the app, potentially affecting Oracle's cloud business.
Oracle's role as TikTok's cloud provider is crucial for the app's US survival plan. Failure to reach an agreement on monitoring could jeopardize the partnership and negatively impact Oracle's cloud business.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80