Tag
ORACLE CORPORATION
Oracle Corp on Monday has appointed two new chief executives to replace long-time CEO Safra Catz, as the U.S. software giant takes on a new role in securing and recreating TikTok’s recommendation algorithm under a White House-backed plan.
Larry Ellison, the co-founder and chief technology officer of Oracle Corporation, saw his personal fortune grow by $7.3 billion on Tuesday, following a sharp rally in the software giant’s stock.
Microsoft had initially been recognized as the most likely winner earlier in the process.