NASDAQ Rises to Record
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Though everything appears to be going swimmingly for the U.S. economy and stock market, looks can be deceiving.
Oracle shares edge higher as company secures key role in U.S. TikTok deal, enhancing data security and control.
NDTV Profit on MSN
Oracle To 'Retrain' TikTok In US, Shares Surge Nearly 3%
A copy of the algorithm would be leased ByteDance by the owners of the US-based TikTok, which Oracle will then use to retrain 'from the ground up'.
Whatever the case, shareholders have been well-rewarded since the company's initial public offering back in December of 2020. The stock's up more than 240% from its IPO price of $20, and more than 50% above its first trade on a public exchange. This is still just the beginning, though. There's still a ton of upside potential left to tap.