Oracle Stock Drops Amid TikTok Deal Uncertainty
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BTCCSquare news:
Oracle shares fell 5% as investor enthusiasm wanes over its AI-driven growth narrative, shifting focus to its involvement in the TikTok deal. The database software giant, recently seen as an AI play through its OpenAI partnership, now faces scrutiny over its potential role in acquiring TikTok's U.S. operations.
Reports suggest Oracle may join a consortium including Silver Lake Partners and billionaires like Rupert Murdoch to license TikTok's algorithm—not acquire it outright. The proposed structure leaves 20% ownership with China's ByteDance, raising questions about data control and long-term value extraction for Oracle investors.
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