Wall Street Journal:
Sources: the US-TikTok national security deal faces further delays as US officials fret over the app’s risks; both sides agree Oracle will host TikTok’s US data — Officials and executives had hoped for year-end deal to address national-security concerns over social-media platform
Ashley Capoot / CNBC:
The SEC fines Oracle $23M for allegedly bribing officials in India, Turkey, and the UAE between 2016 and 2019, the second such fine after a 2012 settlement — – Oracle has settled with the Securities and Exchange Commission after it was charged with violating the Foreign Corrupt Practices Act …
Brody Ford / Bloomberg:
Oracle reports Q1 revenue up 18% YoY to $11.4B; total cloud revenue was up 45% YoY to $3.6B, and health data provider Cerner, acquired in June, generated $1.4B — Oracle Corp.’s quarterly sales jumped 18%, buoyed by the software maker’s transition to cloud computing and the acquisition of health records provider Cerner.
Jordan Novet / CNBC:
The Pentagon awards Amazon, Google, Microsoft, and Oracle a cloud-computing contract of up to $9B each through 2028 under the Joint Warfighting Cloud Capability — – Of the four companies receiving cloud-computing contracts from the Pentagon, all of them had received requests for bids from the U.S. federal agency last year.
Meghan Bobrowsky / Wall Street Journal:
COO Vanessa Pappas told senators that TikTok is working on a final deal with CFIUS that satisfies all US national security concerns, but didn’t give a timeline — Lawmakers express concern over potential Chinese influence of the popular short-video app — Investigation: How TikTok’s Algorithm Figures Out Your Deepest Desires
Wall Street Journal:
Sources: Alameda CEO Caroline Ellison told staff on November 9 that she, SBF, and two FTX executives were aware that FTX lent its customers’ money to Alameda — Trading firm Alameda’s troubles helped lead to the bankruptcy of crypto exchange FTX — Alameda Research’s chief executive …
Martin Peers / The Information:
Source: Elon Musk fired top Twitter executives, including CEO Parag Agrawal, “for cause”, in an apparent attempt to avoid severance and unvested stock payouts — When Elon Musk terminated four top Twitter executives, including CEO Parag Agrawal and CFO Ned Segal on Thursday …
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