Daily trending news …
Oracle faces severe financing challenges for its AI data center expansion, leading to planned layoffs of 20,000-30,000 employees to generate $8-10 billion in free cash flow, according to a TD Cowen report cited by CIO
TikTok averted a US ban on 18 Dec 2025 by forming a joint venture with American investors Oracle, Silver Lake and Abu Dhabi’s MGX, reducing Chinese owner ByteDance’s stake to 20% as permitted by law. Oracle founder Larry Ellison, a Trump ally, plays key role. Existing ByteDance investors hold one-third. TikTok’s future in its largest market and potentially opening doors for re-entry in banned coun
