ORCL - TikTok Ban Would Hurt Oracle. Is It Time to Sell the Stock?
2024-06-27 04:35:00 ET
It was a big coup for Oracle (NYSE: ORCL) to become the cloud technology provider for ByteDance's TikTok back in late 2020. The social media app with ties to the Chinese government has become quite popular and it helps generate significant usage fees. TikTok being banned by government regulators from operating in the U.S. could be a big blow to Oracle's revenue stream.
Let's look at the impact of a TikTok ban on Oracle and whether investors should sell the stock based on a ban being enacted.
There are plenty of tales out there of famous warnings being made by oracles throughout ancient history. So when Oracle the company comes out with a warning, it behooves investors to take heed.
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TikTok Ban Would Hurt Oracle. Is It Time to Sell the Stock?