Meta’s TikTok Threat Just Became Bigger Than Oracle
Summary
ByteDance has achieved a valuation surpassing that of Oracle through a recent share repurchase program. This financial milestone emphasizes the substantial competitive scale of the TikTok parent company in relation to Meta Platforms.
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 upward movement. Why…
Source: Read the full story at Top Stories Feed
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.