Stock Track | Oracle (ORCL) Plunges 6.32% in Pre-market as TikTok Deal Faces Uncertainty

Stock Track

Jan 27, 2025

Oracle Corporation (ORCL) shares plummeted 6.32% in pre-market trading on Monday, following reports that the tech giant's potential deal to partner with TikTok faces uncertainty.

According to a Reuters report, the Trump administration is exploring options to have Oracle and other US investors effectively take control of TikTok's US operations. However, the decision on the future of the popular video app is expected to be made within the next 30 days, injecting a degree of uncertainty into Oracle's potential involvement.

The US government has previously expressed concerns over TikTok's Chinese ownership, citing national security risks. Oracle had emerged as a potential partner to address these concerns by taking charge of TikTok's data collection and software updates. However, the recent reports suggest that the deal's outcome remains uncertain, weighing on Oracle's stock price.

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However, the decision on the future of the popular video app is expected to be made within the next 30 days, injecting a degree of uncertainty into Oracle's potential involvement.</p>\n\n<p>The US government has previously expressed concerns over TikTok's Chinese ownership, citing national security risks. Oracle had emerged as a potential partner to address these concerns by taking charge of TikTok's data collection and software updates. However, the recent reports suggest that the deal's outcome remains uncertain, weighing on Oracle's stock price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ORCL","symbol_name":"甲骨文","start_time":0,"source_url":"","article_id":"1105963793","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1105963793","pubTimestamp":1737972262,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Oracle Corporation  shares plummeted 6.32% in pre-market trading on Monday, following reports that the tech giant's potential deal to partner with TikTok faces uncertainty.According to a Reuters report, the Trump administration is exploring options to have Oracle and other US investors effectively take control of TikTok's US operations. 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