Larry Ellison briefly overtook Elon Musk as the world’s richest man on Wednesday after a historic rally in Oracle Corp shares added $244 billion to the software giant’s market value. The surge pushed Oracle closer to the $1 trillion mark and fueled speculation over whether it could soon displace Tesla Inc among the world’s 10 … Read more
A labour department judge in the United States has ruled in favour of Oracle, saying technology giant had not discriminated against women and minorities, including Indians and African Americans, in its pay structure. The matter dates back to 2014, when the US Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) audited the California-based … Read more
Beijing: Just a few days ago, the TikTok deal looked like a win for China. Now its state-run media are denouncing it as “an American trap” and a “dirty and underhanded trick.” The quick shift in sentiment shows the complications of concluding an agreement that is about much more than finding a proper valuation for … Read more
President Donald Trump said Saturday he had approved a deal allowing Silicon Valley giant Oracle to become the data partner for TikTok to avert a shutdown of the massively popular Chinese-owned video app that Washington has called a security risk. The deal, announced by the companies, also includes Walmart as a commercial partner and would … Read more
By Yi-Zheng Lian The Trump administration says it wants to ban the popular short-video app TikTok in the United States, because TikTok’s parent company, ByteDance, is Chinese. Washington is worried that the personal data of the many millions of Americans using the app could be siphoned off to China and misused. To some, that concern … Read more
By Mike Isaac and Taylor Lorenz Six weeks ago, as TikTok grappled with escalating tensions between the United States and China, the social media app’s top executives huddled together to figure out their next steps. Vanessa Pappas, 41, was worried. TikTok’s North American business, which she has run since 2018, was dealing with an uproar. … Read more
Beijing opposes a forced sale of TikTok‘s U.S. operations by its Chinese owner ByteDance, and would prefer to see the short video app shut down in the United States, three people with direct knowledge of the matter said on Friday. ByteDance has been in talks to sell TikTok’s U.S. business to potential buyers including Microsoft … Read more