TikTok Finalizes Deal for New U.S. Version, Avoiding Ban Threat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Yahoo Finance
- New App Development: TikTok has finalized agreements with major investors including Oracle, Silver Lake, and MGX to create a new U.S. joint venture, ensuring continued operations in the U.S. market and avoiding the looming ban threat.
- Data Protection Measures: The new app will implement comprehensive data protections, algorithm security, content moderation, and software assurances to safeguard national security for U.S. users, thereby enhancing user trust.
- Leadership Team Formation: Adam Presser, former head of operations and trust and safety at TikTok, will lead the new venture as CEO, working alongside a seven-member, majority-American board that includes TikTok CEO Shou Chew, ensuring localized management.
- Policy Background Impact: This deal marks the end of years of uncertainty regarding TikTok's fate in the U.S., especially following Congress's passage of a law requiring a new owner by January 2025, thus securing the platform's future.
Analyst Views on ORCL
Wall Street analysts forecast ORCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ORCL is 309.59 USD with a low forecast of 180.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
25 Buy
9 Hold
0 Sell
Moderate Buy
Current: 178.180
Low
180.00
Averages
309.59
High
400.00
Current: 178.180
Low
180.00
Averages
309.59
High
400.00
About ORCL
Oracle Corporation offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. The Company operates through three businesses: cloud and license, hardware and service. Its cloud and license business is engaged in the sale, marketing and delivery of its enterprise applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings, and its cloud license and on-premise license offerings. Its hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments. Its services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








