'Oracle reviewing TikTok's source code despite deal being 'in limbo,' CEO says' -New York Post
Portfolio Pulse from Benzinga Newsdesk
Oracle has begun reviewing TikTok's source code, according to CEO Shou Zi Chew, despite the deal being 'in limbo.' This comes as the US government continues to scrutinize the proposed partnership between Oracle and TikTok.
May 23, 2023 | 3:01 pm
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NEUTRAL IMPACT
Oracle is reviewing TikTok's source code despite the deal being uncertain, potentially impacting the company's future involvement with TikTok.
Oracle's decision to review TikTok's source code indicates that the company is still interested in the partnership, despite the deal being uncertain. However, the ongoing scrutiny from the US government makes it difficult to predict the short-term impact on Oracle's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The ongoing scrutiny of the Oracle-TikTok partnership by the US government may indirectly affect the iShares China Large-Cap ETF (FXI).
The US government's scrutiny of the Oracle-TikTok partnership may have indirect consequences on the iShares China Large-Cap ETF (FXI), as it reflects the ongoing tensions between the US and China. However, the impact on FXI is likely to be limited, as the ETF is not directly involved in the deal.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50