Salesforce CEO Marc Benioff praised Oracle chief Larry Ellison’s efforts to break into the social media space with a potential TikTok partnership.
The enterprise software maker was approved for a deal in principle over the weekend to partner with the rapidly growing social media app, allowing it to avoid a U.S. shutdown. Oracle said it will become TikTok’s secure cloud provider and will become a minority investor with a 12.5% stake in the company.
Benioff said that the coroanvirus pandemic should be driving new urgency at companies, and praised Ellison’s boldness in buying a consumer-focused social media network — a company far outside of Oracle’s historical expertise.
“I’m so impressed by seeing them and everyone else make these aggressive moves,” Benioff said Wednesday on CNBC’s “C...