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Oracle Shares Rise 5% After Joining Bid to Operate TikTok’s U.S. Business

The cloud computing firm’s stock surged following its entry into an investor group aiming to manage TikTok’s United States operations.

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Terms & Concepts
  • Cloud provider: A company offering computing services, such as storage and processing power, over the internet.
  • Investor group: A collective of individuals or institutions pooling resources to fund and manage a business venture.
  • TikTok: A social media platform for short-form videos, owned by China-based ByteDance.