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Home›US Markets›Equities›Meta’s TikTok Threat Just Became Bigger Than Oracle

Meta’s TikTok Threat Just Became Bigger Than Oracle

Reported · Written up by our desk · Equities

TikTok ‘s parent ByteDance is now being valued at more than Oracle Corp. (NYSE:ORCL) , the very company helping secure its U.S. operations . A proposed $6 billion share buyback puts ByteDance’s valuation at $400 billion, exceeding Oracle’s roughly $384 billion market capitalization. This also highlights the scale of the competitor Meta Platforms Inc. (NASDAQ:META) faces. • Oracle stock is showing upward movement. Why is ORCL stock advancing? ByteDance’s Valuation Moves Past Oracle ByteDance plans to buy back up to $6 billion in shares from existing investors at a valuation approximately 20% hi

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Sources

BenzingaMeta’s TikTok Threat Just Became Bigger Than Oracle
BenzingaMeta’s TikTok Threat Just Became Bigger Than Oracle

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