Oracle's stock jumped approximately 5% on Friday following the announcement that the cloud services provider is joining a consortium of investors that will take over the operations of TikTok in the United States. This move comes as part of efforts to meet the demands of US regulators regarding data security. Oracle, known for its enterprise solutions, will now play a key role in managing the popular short-video platform in the American market. Experts believe that this step opens new opportunities for Oracle in the consumer technology sector and strengthens its position in the competitive race with other tech giants.
