Oracle confirms it’s submitted a proposal to US government to serve as TikTok’s ‘trusted technology provider’ in US (ORCL)

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Larry Ellison and Safra Catz

Summary List Placement

Oracle confirmed Monday it’s agreed to be ByteDance’s “trusted technology provider” in the US, and has submitted its proposal the US government for approval.

“Oracle confirms Secretary Mnuchin’s statement that it is part of the proposal submitted by ByteDance to the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider,” Oracle said in a statement. “Oracle has a 40-year track record providing secure, highly performant technology solutions.”

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Source:: Business Insider

      

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