Woah! That's $60B per annum. For context, Oracle's annual revenue for their most recently completed fiscal year as just under $60B.
Oracle share price is up 37% (as of 11:30am Pacific time) over the last month.
> taking over full or partial control of TikTok’s US operations could give Oracle access to one of the world’s most popular apps and the 170 million American users and ad revenue opportunities that come with it.
I don't know that Oracle has ever been successful with a consumer-facing app. I guess it isn't entirely impossible for them to strike success, but I wouldn't bet my money on that.
mwkaufma•1h ago