Today, we are looking at the Oracle Stock and the news and ratios associated with the company.


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On the 27th federal judge blocked the President's pan on TickTok. The ban would have gone into effect at 11:59 p.m on the 27, but U.S. District Judge Carl Nichols granted a preliminary injunction against the ban on new downloads. However, during the hearing the judge did decline to grant and injunction for the set that will take effect Nov. 12. Which is the same day that President Trump gave to ByteDance and said that they need to sell the U.S. part to a U.S. company. 

If the deal, does end up going through, which the Chinese government isn’t happy able and even stated that they don't agree with it at all. But the company has been reportedly valued at $60 Billion and would pay more than $5 billion in new U.S. tax dollars to the treasury. Since security is the main issue, Oracle has stated the APP would run on its cloud infrastructure and that the security and user data would also be overseen by Oracle. 

At this moment, the APP has been downloaded more than 100 million times by Americans. Which is why it is such a huge deal. If the APP does end up being banned, the APP will be taken from down from both Apple and Google's Android store. If the APP has already been downloaded by the user, then users won't be able to download the updates needed. 

This comes after Wechat, another APP owned by Tincent Holdings Ltd., won a court injunction last week. That will allow for the APP to continue being used and downloaded. This is fortunate for many people that rely on TickTok to support their life and also people that use Wechat. But hopefully this is an eye opener to the same and gives them enough push to diversify. The key take away is to not put all of your eggs in one basket. 


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