Meta’s TikTok Threat Just Became Bigger Than Oracle
TikTok ‘s parent ByteDance is now being valued at more than Oracle Corp. (NYSE:ORCL) , the very company helping secure its U.S. operations . A proposed $6 billion share buyback puts ByteDance’s valuation at $400 billion, exceeding Oracle’s roughly $384 billion market capitalization. This also highlights the scale of the competitor Meta Platforms Inc. (NASDAQ:META) faces. • Oracle stock is showing…
ByteDance, the parent company behind TikTok, has now surpassed Oracle Corp. in valuation, with ByteDance's valuation now at $400 billion. This comes as part of a proposed $6 billion share buyback, which puts ByteDance's valuation above Oracle's market capitalization of around $384 billion. The news highlights the growing competition Meta Platforms Inc. faces from TikTok's parent company.
Oracle, which holds a 15% stake in the U.S. TikTok joint venture, is also a key player in the AI race, having agreed a deal with OpenAI to build up to 4.5 gigawatts of additional data center capacity in the U.S.
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