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Barchart
Barchart
Aditya Raghunath

Ahead of the New TikTok USA Spinoff, Should You Buy Oracle Stock?

Oracle (ORCL) shares are positioned for a potential boost as a deal to spin off TikTok's U.S. operations nears completion, with the software giant set to secure a 15% stake in the new American entity.

The Chinese parent company ByteDance struck an agreement on Thursday with a group of non-Chinese investors to create a U.S. TikTok, ending a six-year legal battle that threatened the app's survival in America. The deal addresses national security concerns that Beijing could use the platform to surveil or manipulate its more than 200 million U.S. users.

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