The new joint venture will prevent TikTok from shutting down in the U.S. due to national security concerns.
Oracle ‘s stock jumped about 5% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations.
In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a join… [1174 chars]
Source: CNBC | Published: 2025-12-19T14:06:42Z
Credit: CNBC
