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MarketScreener Homepage  >  Equities  >  Nyse  >  Oracle Corporation    ORCL

ORACLE CORPORATION

(ORCL)
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What's Happening With TikTok and WeChat?

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09/22/2020 | 04:44pm EDT

By WSJ Noted.

Everyone wants to know about: TikTok and WeChat

TikTok and WeChat users in the U.S. have been granted a reprieve from potential bans, but for different reasons. TikTok, owned by Beijing-based ByteDance Ltd., will partner with Oracle Corp. and Walmart Inc. to become a U.S.-based company.

Bytedance and Oracle have given dueling messages about the ownership structure for a proposed U.S.-based version of TikTok. The squabble raises fresh questions about the fragility of the deal, which President Trump signed off on in principle over the weekend, seemingly saving the popular video-sharing app from extinction in the U.S. Officials in China will also have to sign off on the transaction.

Separately, a federal judge in California temporarily blocked the Trump administration's executive order curbing Americans' use of WeChat, owned by Tencent Holdings Ltd. The ban would have restricted U.S. users from downloading the app as well as engaging in other functions on WeChat, as of 11:59 p.m. on Sept. 21. U.S. Magistrate Judge Laurel Beeler said in an order: "WeChat is effectively the only means of communication for many in the community, not only because China bans other apps, but also because Chinese speakers with limited English proficiency have no options other than WeChat." The app, which has 19 million regular users in the U.S., could still be banned if the government files an appeal to the ruling to put the issue before another judge. It could take some time for a final ruling on the ban to happen.

 


Stocks mentioned in the article
ChangeLast1st jan.
ORACLE CORPORATION 0.35% 59.9 Delayed Quote.13.06%
TENCENT HOLDINGS LIMITED -0.35% 561.5 End-of-day quote.49.49%
WALMART INC. 0.21% 143.85 Delayed Quote.21.05%
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Financials (USD)
Sales 2021 39 859 M - -
Net income 2021 10 204 M - -
Net Debt 2021 30 599 M - -
P/E ratio 2021 18,1x
Yield 2021 1,61%
Capitalization 180 B 180 B -
EV / Sales 2021 5,29x
EV / Sales 2022 5,09x
Nbr of Employees 135 000
Free-Float 61,9%
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Technical analysis trends ORACLE CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 29
Average target price 61,63 $
Last Close Price 59,90 $
Spread / Highest target 16,9%
Spread / Average Target 2,88%
Spread / Lowest Target -24,9%
EPS Revisions
Managers
NameTitle
Safra Ada Catz Chief Executive Officer & Director
Lawrence Joseph Ellison Chairman & Chief Technology Officer
Michael J. Boskin Independent Director
Jeffrey O. Henley Vice Chairman
Jeffrey S. Berg Independent Director
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