Η oracle stated that it will be its cloud provider TikTok in an agreement that gives her a share that reaches 12,5% on the social media network.
In one statementThe Oracle stated that the “technical decision” for TikTok was based on account Zoom reference.
However, TikTok, owned by Bytedance, was also facing a shutdown command (by President Trump), which expired Sunday due to security concerns. Trump approved this particular deal last Saturday.
Oracle CTO Larry Ellison said TikTok will run in the Oracle Cloud. CEO Safra Catz said:
Oracle will rapidly deploy and operate TikTok's systems on the Oracle Cloud. We are one hundred percent confident in our ability to provide a very safe environment on TikTok and to ensure the protection of the privacy of the data of American users, as well as their users of TikTok worldwide.
Of course for Oracle, the cloud deal with TikTok is a win and can give it a higher profile.