) has warned that the proposed TikTok ban could negatively impact the company's operations and revenue. The tech giant provides cloud infrastructure and services to TikTok.The software company warning in its annual report yesterday that a tiktok ban is going to hurt its business.Here in the US are talking about the significance exactly the impact that this is going to have on oracle.Oracle has not disclosed the details of its financial ties to tiktok.
With me here, it could be spending 3 to 5% of that revenue on cloud infrastructure w which will work out to anywhere between 480 million to 800 million. And of course, we know that this has really been a top priority for the Biden administration as well. But the Biden administration, uh President Biden signing a bill demanding that China's byte dance does sell to if it does want to avoid a ban in the US.And Sean and to your point about the note from T DC and also several analysts have mentioned that oracle is heavily used by Tik Tok.One from Evercore estimating that the annual revenue coming from Tik Tok to Oracle could be anywhere between 480 to 800 million dollars from Tik Tok specifically.
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