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    COMMENTS

    Ramesh Popat

    1 month ago

    excellent ideas presented by YT! GREAT!!!

    Oracle wins deal for TikTok US biz, Microsoft's bid rejected
    Bytedance, the Chinese owner of TikTok, has chosen Cloud major Oracle over Microsoft to run its US operations as a 'trusted tech partner', multiple media reports revealed on Monday while an official announcement was still awaited.
     
    According to The New York Times, it was unclear whether TikTok's choice of Oracle as a technology partner would mean that "Oracle would also take a majority ownership stake of the social media app".
     
    This is different from an outright sale and appears to suggest Oracle will help run TikTok's US operations with its Cloud technologies.
     
    In an official statement, Microsoft said its bid for TikTok operations in the US was rejected.
     
    "ByteDance let us know today they would not be selling TikTok's US operations to Microsoft. We are confident our proposal would have been good for TikTok's users, while protecting national security interests," Microsoft said.
     
    "To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation, and we made these principles clear in our August statement," the tech giant added.
     
    After TikTok was banned in India in June, along with 58 other Chinese apps, the Donald Trump administration in the US increased pressure on the ByteDance-owned platform to sell its US operations by mid-September or face a ban.
     
    According to NYT, Oracle has cultivated close ties with the Trump administration.
     
    "Its founder, Larry Ellison, hosted a fund-raiser for Trump this year, and its chief executive, Safra Catz, served on the president's transition team and has frequently visited the White House".
     
    Trump said last month that he would support Oracle buying TikTok.
     
    "I think that Oracle would be certainly somebody that could handle it," he told reporters. Trump maintained there will be "no extension of the TikTok deadline".
     
    Riding on new customer wins in both Cloud applications and infrastructure businesses, Oracle posted better than expected results for its FY21 first quarter results last week, generating $9.4 billion in revenue which was up 2 per cent compared to the same period last year.
     
    Meanwhile, China said the Trump administration's deadline for TikTok sale is tantamount to "coercive robbery".
     
    "The tricks of economic bullying and political manipulation that the US played on non-American companies are tantamount to coercive robbery," said a Chinese Foreign Ministry spokesperson over the weekend.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    Pocket Casts: A Better Podcast Player
    Pocket Casts is one of the better podcast players out on the Android Play Store. It provides next-level listening, search and discovery tools. It has powerful playback functions, with an automatic playback queue from your favourite songs. If you sign-in, you can have the Up-Next queue synced across your devices. 
     
    You can even trim the silence between episodes and vary the speed of your listening. A volume boost function can increase the volume of voices and decrease the background noise. It offers controls on Android wear so that you do not have to reach out to your phone for skipping episodes or volume control. A sleep timer allows you to pause the episode while you rest. And, you can cast your podcast to your TV with a Chromecast to enjoy a seamless viewing experience. 
     
    A great podcast player, worth trying out.
     
     
     
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