TikTok and its parent company ByteDance are urging a US court to strike down a law that would ban the popular short video app in the United States on January 19, claiming it violates Americans' free speech rights. The looming ban has led TikTok advertisers to prepare contingency plans due to concerns over the app's security, affecting brands' confidence. Oracle has warned investors that the potential ban threatens to hurt its financial results, as TikTok is one of its largest cloud customers. Oracle's annual report cited the TikTok ban as a risk factor, indicating a sizable revenue hit if the ban is enacted. TikTok has over 150 million users in the U.S.
US TikTok ban could hit Oracle’s revenue and profit, cloud provider warns Oracle could be victim of ill-conceived policy approach on TikTok... https://t.co/Bg2jA1aECE
.@Oraclesays @TikTok ban could hit cloud revenue https://t.co/YLaVMh4i7c In its annual report, Oracle cited a TikTok ban as a risk factor. The company also said Ampere could be consolidated under its financial results under certain conditions. @ldignan
#FPTech: TikTok ban in US will be disastrous, massive hit to revenue and economy, warns Oracle https://t.co/UNh7tHmwku
Oracle says US ban of TikTok would hurt its profits https://t.co/VXiJUtoHPN https://t.co/phmgxnHVTc
.@Oracle says @TikTok ban could hit cloud revenue https://t.co/WO2SpMOGiW In its annual report, Oracle cited a TikTok ban as a risk factor. The company also said Ampere could be consolidated under its financial results under certain conditions. @ldignan
ByteDance Doubles Down On TikTok Shop, Despite Threat Of A U.S. Ban https://t.co/v2le6qyxLF by @Ali_Lev https://t.co/YgMSmjSbgA
ByteDance Doubles Down On TikTok Shop, Despite Threat Of A U.S. Ban https://t.co/v2le6qyxLF https://t.co/EzHNElrVAO
Creators aren't the only ones hurt by potential TikTok ban: Oracle warns investors of 'sizable' revenue hit. https://t.co/fmnnk1gQ5D
📣 JUST IN: $ORCL Oracle Warns of Revenue Impact if TikTok is Banned in the U.S. 👉 Key Highlights: 📍 U.S. TikTok ban could hurt Oracle's business. 📍 TikTok has over 150 million users in the U.S. 📍 President Biden demands ByteDance to sell TikTok within nine months. 📍… https://t.co/N55MU0enhV
Oracle warns that a TikTok ban would hurt business https://t.co/fheGOFviv3
Oracle warned investors that a new law potential banning TikTok in the US threatens to hurt its financial results. https://t.co/HcJhitLlO0 via @technology
Oracle says a TikTok ban in the US 🇺🇸 could impact its financial results, as TikTok is one of its largest cloud customers, using Oracle’s infrastructure to store and process US user data. A new law may make it illegal to provide hosting services to TikTok, affecting $ORCL's… https://t.co/XYzUf5Mm8d
New: Oracle is warning investors that a TikTok ban would hurt its financials. $ORCL https://t.co/c6ralR6N6L
Oracle warned investors that a new law potential banning TikTok in the US threatens to hurt its financial results. https://t.co/8VsqCo8g29
TikTok advertisers prepare contingency plans as US ban looms Agency heads say row over security of ByteDance-owned app has already hit brands’ confidence in the platform https://t.co/5n6zrzSbDK via @ft
TikTok and ByteDance urged a US court to strike down a law they say will ban the popular short video app in the United States on Jan. 19. TikTok claimed the law violates Americans' free speech rights https://t.co/3vp8Q9Sjbk https://t.co/bo97HgLusm
TikTok says US ban is inevitable unless law requiring divestment is blocked https://t.co/1hBYIh2aQf
TikTok argued in a legal brief that the new law potentially banning the application from the United States is unconstitutional and should be overturned. https://t.co/kspwQDcWqh
TikTok and ByteDance urged a US court to strike down a law they say will ban the popular short video app in the United States. Legislation signed in April by President Biden gives ByteDance until Jan. 19 to divest TikTok's US assets or face a ban https://t.co/BKluU0Mbqm https://t.co/CKCVVoZ0TT
TikTok and its parent ByteDance urged a US court to strike down a law they say will ban the popular short video app in the US on Jan. 19, saying the US government refused to engage in any serious settlement talks after 2022. Subscribe to The Daily Docket: https://t.co/CVa118IFAe https://t.co/SloVdMDqFU