Oracle joins Microsoft, Twitter in the battle for TikTok. Two traders place their bets $ORCL $MSFT $TWTR (via TradingNation)
While all this is "fascinating" to witness, "the best play is to grab some popcorn and just sit on the sidelines and just observe," Quint Tatro, founder and chief investment officer at Joule Financial, told CNBC's"I quite honestly have no idea what they're doing," he said. "I really liked this company.
Even though he didn't see Twitter as a viable candidate, he found the most to like about that stock out of TikTok's three potential suitors. Todd Gordon, managing director at Ascent Wealth Partners, agreed that without a consumer business, Oracle doesn't seem like a top fit for TikTok. "However, Microsoft has begun to lag the Nasdaq," Gordon said. "We think that could be sort of a slowing in the Azure cloud growth, a little bit of a consolidation. We think ultimately that pushes higher. So, we like the Microsoft side of it."
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