Could Microsoft and Oracle be the Likely Buyers of TikTok's assets, and Mark Zuckerberg and Sundar Pichai emerge as the Real Winners?

Quick Summary:

Wedbush analysts believe that while Microsoft Corp.(NASDAQ:MSFT) and Oracle Corp.(NYSE:ORCL) could be the "likely buyers" of social media platform TikTok, Meta Platforms Inc.'s (NASDAQ:META) Mark Zuckerberg and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Sundar Pichai could emerge as the real winners.

What Happened: The TikTok ban bill, which is part of a larger package aimed at providing aid and bolstering national security measures in support of Ukraine, Israel, and Taiwan, has been passed by the U.S.

The legislation proposes that TikTok, the widely popular video app, must be sold within a year or face a ban from U.S.app stores.

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Article Details

Author / Journalist: Rounak Jain

Category: Technology

Markets: United StatesIsraelTaiwanUkraine

Topics: GOOGL US38259P5089 ORCL Social media US5949181045 YouTube US38259P7069 Analyst Color Social Media Tech Wedbush Analyst Ratings MSFT GOOG Mark Zuckerberg News Benzinga Markets Benzinga neuro META Instagram Sundar Pichai TikTok Ban Consumer Tech US68389X1054 TikTok Facebook

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-22 @ 14:20:15 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20756152

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