That cloud business, in turn, is key to Oracle's overall growth story. The deal was a huge boon to Oracle's cloud business, and is likely one important reason the cloud infrastructure business is growing so quickly, analysts told Insider.
"It's been a coup for Oracle to get this, and if they lost it because of the TikTok ban, those are tough shoes to fill." Losing TikTok would mean losing a big opportunityĮarlier this year, TikTok said that it will move all its US user data to Oracle servers, in a bid to assuage lawmakers' concerns around privacy and security. "This is a strategic partnership that works extremely well, I think, for both companies," said Wedbush analyst Dan Ives. While it's unclear how much of Oracle's cloud infrastructure business is from TikTok, it is clear that the two companies' fates are linked, and a ban on TikTok would likely spell bad days ahead for Oracle. TikTok was its single biggest customer without its business, Fastly's revenue dipped and its stock price fell. One previous case could provide some hint at how Oracle could be affected is to look at the impact of how Fastly, a cloud computing company, was affected when TikTok took its business elsewhere in mid-2020. But the entity that might take the hardest impact from any TikTok ban is one you may not expect: Oracle, one of its biggest partners in the US. Meanwhile, several states have already banned TikTok on government-issued devices.Īny federal TikTok ban would have far-reaching implications for the future of tech regulation, for America's relationship with China, and for the growing ecosystem of creators on the app. One bill would ban it on the devices of federal government workers, while the other more sweeping bill would have it banned for use by American consumers entirely. Now, the political pressure is back on for TikTok, as Congress considers two bills that would follow through with banning the app. President Donald Trump's administration made a big and controversial - but ultimately unsuccessful - attempt to have viral video app TikTok banned in the United States over concerns about its relationship with parent company ByteDance, headquartered in China. Account icon An icon in the shape of a person's head and shoulders.
0 kommentar(er)
