TikTok Has a Home

President Trump gave TikTok 45 days to find a US company willing to take it under its wing, and the rising entertainment app finally found a home after 38 days. Oracle Corp. ($ORCL) has had their offer to ByteDance, the parent company of TikTok, accepted, beating out the likes of Microsoft. With this news TikTok is officially saved for it U.S. users, a very large portion of its active users. In terms of stock price movement, I believe this will hinder the performance of Microsoft in the morning, but nothing drastic, and will give Oracle a slight boost initially, and possibly a slow grind up as the day moves on.

-Darnel Shillingford

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