Oracle met with Senate aides about TikTok data storage after House ban passed
Publishing timestamp: 2024-04-22 19:36:53
Summary
Oracle privately met with Senate aides to discuss their data housing agreement with TikTok after a bill that could ban the social media app passed the House. If TikTok is banned, Oracle could face financial challenges. Meetings were held to discuss technical mitigations of the data storage project. TikTok has spent millions on lobbying efforts to prevent legislation from passing.
Sentiment: NEUTRAL
Keywords: oracle corp, government and politics, polaris inc, politics, united states, business news, breaking news: politics, breaking news: technology, social media, technology, national security,
Source: https://www.cnbc.com/2024/04/22/oracle-met-with-senate-aides-on-tiktok-data-housing-project.html