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TikTok Says Oracle Will Become Its Trusted Tech Partner, Responsible For Hosting All U.S. User Data

Published: 09/19/2020 23:20 GMT
Oracle Corp. (ORCL) - Tiktok Says Oracle Will Become Its Trusted Tech Partner, Responsible for Hosting All U.S. User Data.
Tiktok Says Currently Working With Walmart on a Commercial Partnership As Well.
Tiktok Says Walmart, Oracle Will Take Part in Tiktok Global Pre-ipo Financing Round in Which They Can Take Upto a 20% Cumulative Stake in Co.
Tiktok Says Maintain and Expand Tiktok Global's Hq in the U.S., While Bringing 25,000 Jobs Across Country.
Tiktok Says Oracle Will Also Be Responsbile in Securing Associated Computer Systems to Ensure U.S. National Security Requirements Are Fully Satisfied.