TikTok’s U.S. ban could cost Oracle up to $800 million

A potential U.S. ban on TikTok may significantly impact Oracle’s revenue, as the software giant acknowledged in its annual report released on Monday. This development follows President Joe Biden’s April bill requiring ByteDance, TikTok’s Chinese owner, to sell the platform within nine months to avoid a ban in the U.S. TikTok’s relationship with Oracle Oracle

Source: Invezz