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Trump reportedly pushed again for a cut of the TikTok deal in a call with Oracle chairman Larry Ellison and Walmart CEO Doug McMillon

AP Photo/Matt Rourke President Donald Trump discussed the pending TikTok deal with Oracle co-founder Larry Ellison and Walmart CEO Doug McMillon in a phone call Friday, Bloomberg reported. On the call, Trump told Ellison and McMillon that he's still pushing for the US government to be paid as part of the deal, according to Bloomberg. The president has repeatedly made the argument, even though he acknowledged Wednesday that government lawyers had advised him there was "no legal path" for s...
Tags: Microsoft, US, Trends, Social Media, Walmart, Bloomberg, Larry Ellison, Donald Trump, Ellison, Oracle, Trump, Commerce Department, US Treasury Department, US Commerce Department, Doug McMillon, McMillon


Five weird thought experiments to break your brain

Thought experiments are quite popular, though some get more time in the sun than others. While they are supposed to help guide our intuition to help solve difficult problems, some are a bit removed from reality. Can we trust the intuitions we have about problems set in sci-fi worlds or that postulate impossible monsters? Despite the reported unpopularity of philosophy, its thought experiments are extremely popular tools for helping people understand how they look at the world. Famous examples, ...
Tags: Science Fiction, Identity, Earth, Larry Ellison, Innovation, Oscar, Philosophy, Utopia, Mind, Ellison, Pascal, Bioethics, Peter Singer, Davidson, Putnam, XYZ


Oracle has struck a deal with TikTok to control its US operations. Take a look inside Trump's close relationship with Oracle cofounder, Larry Ellison.

Justin Sullivan/Getty Images On Monday, US tech giant Oracle confirmed to Business Insider that it has struck a deal with ByteDance, TikTok's parent company, to control the popular social media app's US operations.  Microsoft released a statement on Sunday announcing that ByteDance, TikTok's parent company, had rejected its proposal.  President Trump has previously expressed support for Oracle's bid, calling it a "great company." Larry Ellison, the Oracle cofounder, is one of the richest...
Tags: Apple, Politics, Technology, Supreme Court, Microsoft, California, Washington Post, Life, China, Satya Nadella, Nbc News, US, Barack Obama, Trends, Bloomberg, Features


Why aging homes are far more important to Home Depot and Lowe's than the summertime boom in new housing

"We couldn't put together a lumber package to save our life," Home Depot CEO Craig Menear said. Barry Lewis/InPictures via Getty Images New housing starts soared over the summer, but that doesn't matter much to home improvement retailers like Home Depot and Lowe's. Speaking at Goldman Sachs' virtual retail conference this week, the CEOs of both companies clarified that their businesses are not dependent on new home construction. In fact, Lowe's CEO Marvin Ellison said that the aging ho...
Tags: Home Depot, Home Improvement, US, Trends, Retail, Goldman Sachs, Construction, Ellison, Lowe, Lowes, US Census Bureau, Marvin Ellison, Craig Menear, Aine Cain, Menear, BI Select


Lowe's underwent an online makeover just in time for the surge in home improvement spending by customers, CEO says

Lowe's CEO Marvin Ellison has long championed revamping the company's e-commerce capabilities. Bruce Bennett/Getty Images According to Lowe's CEO Marvin Ellison, the company has invested extensively in e-commerce since he took the helm in 2018. That e-commerce overhaul — which saw the company prioritize its new store app and a shift to the cloud — couldn't have happened at a better time. The coronavirus pandemic has seen consumers rely heavily on online shopping, as many look to co...
Tags: Trends, Retail, Goldman Sachs, Ellison, Denton, Bruce Bennett Getty, Lowe, Lowes, Marvin Ellison, David Denton, Aine Cain, BI Select, Goldman Sachs Global


Meet Masayoshi Son, the Japanese investor with a $21 billion fortune whose SoftBank mega-fund just lost $10 billion from its market value after reports of risky tech investments

Masayoshi Son is the founder and CEO of Japanese holding company SoftBank. Tomohiro Ohsumi/Getty Images SoftBank's market value dropped by about $10 billion this week after The Wall Street Journal reported that the company has been making massive, risky tech investments. The Japanese conglomerate has invested millions in some of Silicon Valley's biggest tech companies, including Uber, WeWork, Slack, and DoorDash. SoftBank's founder and CEO, Masayoshi Son, is the third-richest person in Jap...
Tags: Amazon, Uber, Japan, New York, Microsoft, Minneapolis, Saudi Arabia, Life, Softbank, US, San Francisco, Trends, Tesla, Bloomberg, Features, Netflix


The career life and rise of billionaire Oracle cofounder and international playboy Larry Ellison, who dropped out of college twice and has a $75 billion fortune

Larry Ellison. Ezra Shaw/Getty Images Larry Ellison, the founder and CTO of Oracle, has a net worth of $75.7 billion, according to Forbes. But Ellison hasn't had the tech world's typical path to success. He dropped out of college twice and didn't become a billionaire until age 49. Over the years, he's built Oracle into a $170 billion behemoth whose former employees have gone on to start companies like Salesforce.  He's also become a lavish spender, owning several homes and even the entire...
Tags: Apple, Elon Musk, Enterprise, California, Steve Jobs, Washington, Life, White House, US, America, Trends, Tech, Tesla, Bloomberg, Features, Getty Images


The life of billionaire Oracle cofounder and international playboy Larry Ellison, who dropped out of college twice and has a $75 billion fortune

Larry Ellison. Ezra Shaw/Getty Images Larry Ellison, the founder and CTO of Oracle, has a net worth of $75.7 billion, according to Forbes. But Ellison hasn't had the tech world's typical path to success. He dropped out of college twice and didn't become a billionaire until age 49. Over the years, he's built Oracle into a $170 billion behemoth whose former employees have gone on to start companies like Salesforce.  He's also become a lavish spender, owning several homes and even the entire...
Tags: Apple, Elon Musk, Enterprise, California, Steve Jobs, Washington, Life, White House, US, America, Trends, Tech, Tesla, Bloomberg, Features, Getty Images


Trump wants to ban TikTok to keep Americans' data out of China's hands, but Microsoft and Oracle's track records suggest they could turn it over to the US government instead

The "Microsoft Advanced Patrol Platform" outfits police patrol cars with a high-tech setup that includes a variety of cameras and real-time data. SuperDroid Robots Trump wants to force the sale of TikTok to a US tech company in order to keep Americans' data out of the hands of the Chinese government.But the app's most likely buyers, Microsoft and Oracle, play a massive role in helping the US government spy on its own citizens.The companies provide a range of technologies to law enforcement ...
Tags: Politics, News, Enterprise, Microsoft, Nsa, China, Cloud Computing, US, America, Trends, Markets, Joe Biden, Analysis, Surveillance, Fbi, Artificial Intelligence


The richest people in America, ranked

Clodagh Kilcoyne/Reuters The 16 richest Americans in the Bloomberg Billionaires Index and Forbes Billionaires List are collectively worth more than $1 trillion. While tech moguls continue to dominate the top ranks, inherited wealth, like in the Walton family, also makes a strong appearance in the list.The four richest people in America are also the richest people in the world.On August 31, Elon Musk became the third-richest person in the world after Tesla stock split, causing shares to sha...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spacex, Elon Musk, Texas, Board of Directors, Money, Microsoft, Washington Post, Life, Stanford, India, Satya Nadella


Walmart and Microsoft are reportedly partnering to buy TikTok; Oracle’s chances look strong too

Walmart is reportedly teaming up with Microsoft to bid for acquiring TikTok, even as a report suggested that Oracle has emerged has the frontrunner to acquire the popular short video app from Chinese parent ByteDance. According to CNBC, which first reported Walmart’s interest in TikTok, the company believes that acquiring TikTok will help it to serve its omnichannel customers, as well as grow its ad business, which is expected to boost Walmart’s e-commerce division. ByteDance, meanwhile, is repo...
Tags: Travel, News, Microsoft, China, Singapore, India, Softbank, US, Walmart, Atlantic, United States, Larry Ellison, Sequoia Capital, Ellison, Oracle, Cnbc


Bremer trustees fire back at Ellison's attempt to oust them

In legal response, Bremer's trustees say Minnesota attorney general's desire to remove them is a 'political ploy.'
Tags: Minnesota, Ellison, Bremer


A look inside Trump's relationship with Oracle cofounder Larry Ellison, who hosted a Trump fundraiser months before his firm reportedly bid for TikTok

US tech giant Oracle is reportedly preparing a bid for the US operations of massively popular social media app TikTok. President Trump, expressing support for Oracle's bid, called it a "great company." Larry Ellison, the Oracle cofounder, is one of the richest people in the world and has previously hosted a fundraiser for Trump at his Coachella Valley home (he told Forbes he didn't attend). Representatives for Oracle declined to comment for this story. The Trump campaign did not immediately re...
Tags: Supreme Court, Microsoft, California, Washington Post, China, Satya Nadella, Nbc News, US, Barack Obama, Trends, Bloomberg, United States, New York Times, Larry Ellison, Bill Clinton, Food And Drug Administration


Trump Says He Supports Oracle Owning TikTok

President Trump, who has been pushing for a sale of the Chinese-owned video app, did not say whether Oracle would be a better buyer than Microsoft.
Tags: News, Social Media, Mergers, Ellison, Oracle Corporation, Trump, Acquisitions and Divestitures, Computers and the Internet, Politics And Government, Donald J, Mobile Applications, Enterprise Computing, Lawrence J, TikTok (ByteDance


Experts say Oracle buying TikTok is a wild idea which could either be a Larry Ellison headfake or a bold move to boost its cloud offensive (ORCL)

Oracle is said to be exploring its own bid for TikTok which the Trump administration wants to ban due to its ties to China, according to the Financial Times. Experts say Oracle's reported interest in buying TikTok could be a ploy to drive up the price for the popular video app, which rival Microsoft is looking to acquire. Buying a popular consumer brand doesn't make sense for an enterprise powerhouse like Oracle, analysts say. "Why would an enterprise software company without a consumer play w...
Tags: Microsoft, China, Trends, Larry Ellison, Silicon Valley, Ellison, Oracle, Vmware, Trump, Silicon, Larry, Robert Siegel, Steve Allen, Safra, Stanford Graduate School of Business, Oracle Cisco


Plucky Characters? Ugh. Make Mine Prickly and Difficult.

Marilyn Stasio finds much to like in the latest batch of crime novels, filled with abrasive, unpleasant sorts.
Tags: News, Ellison, Abbott, Cooper, Lindsey, Katie, Books and Literature, Odie, Marilyn Stasio, Dark August (Book, Tallo, Never Ask Me (Book, Jeff (Author, Cut to the Bone: A Novel (Book, Some Go Home: A Novel (Book


Ellison seeks to oust Bremer trustees, end battle over bank

Minnesota's attorney general says the trustees went astray of the directives of bank founder Otto Bremer.
Tags: Minnesota, Ellison, Bremer


Ellison asks court to oust Bremer trustees, end battle over state's fourth-largest bank

Minnesota's attorney general says the trustees went astray of the directives of bank founder Otto Bremer.
Tags: Minnesota, Ellison, Bremer


Megan Ellison’s Historic Van Griffith Estate Sells for $8.3 Million

After almost a year on the market, Los Feliz’s historic Van Griffith estate has found a new owner. Software heiress-turned-filmmaker and producer Megan Ellison, founder of Annapurna Pictures, has officially handed over the keys of the pedigreed spread to venture capitalist Blake Bartlett. The charming compound — which Ellison never used as her own private […]
Tags: Los Angeles, Ellison, Moguls, Redfin, Los Feliz, Megan Ellison, Annapurna Pictures, Hilton & Hyland, Blake Bartlett, Power Players, Historic Van Griffith Estate Sells, Van Griffith


How old 14 of the world's richest people were when they first became billionaires

Not all billionaires join the three comma club at the same age. Bill Gates may be richer than Mark Zuckerberg, but the Facebook CEO became a billionaire when he was nearly a decade younger. Oprah Winfrey became a billionaire at age 49. Visit Business Insider's homepage for more stories. When Bill Gates became a billionaire in 1987 at 31, he was the youngest person to ever join the three comma club. In 2008, Mark Zuckerberg took that title when he reached billionaire status at 23.  But not all...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Spacex, Microsoft, Ebay, Disney, Dallas Mavericks, America, Trends, Tesla, Bloomberg, Paypal, Snapchat, Larry Page


The new chief marketing officer of Oracle talks about leaving Amazon, and says that Larry Ellison's big cloud offensive has 'parallels' to the early days of AWS (ORCL, AMZN)

Ariel Kelman became Oracle's new chief marketing officer in January, when he took on a tough challenge: changing the view that Oracle missed the industry-wide shift towards the cloud. Kelman is in a familiar role. He once led marketing efforts at Amazon, which had been dismissed in enterprise tech before it emerged as the dominant player in the cloud. "There's parallels, you know," he told Business Insider. "In 2011, a lot of people questioned: 'What? Amazon as an IT infrastructure for the ent...
Tags: Google, Amazon, Microsoft, Trends, Walmart, Netflix, Larry Ellison, Ibm, Silicon Valley, Dell, Ellison, Oracle, San Francisco Bay, Amazon Web Services, Larry, Hewlett Packard Enterprise


Elon Musk is sparring with Bill Gates after he criticized Musk's coronavirus comments. Here are 10 other rivalries that have formed between some of the world's biggest tech leaders.

While there are many close friendships among tech CEOs in Silicon Valley, there are plenty of feuds, too.  Some appear to be friendly rivalries — like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison — but others have become more contentious.  Tim Cook and Mark Zuckerberg, for example, have been openly feuding for years, while Elon Musk and Jeff Bezos have made digs at each other over outer space.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, Time, US, San Francisco


Elon Musk and Bill Gates are sparring over Gates' criticism of Musk's coronavirus comments. Here are 10 other rivalries that have formed between some of the world's biggest tech leaders.

While there are many close friendships among tech CEOs in Silicon Valley, there are plenty of feuds, too.  Some appear to be friendly rivalries — like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison — but others have become more contentious.  Tim Cook and Mark Zuckerberg, for example, have been openly feuding for years, while Elon Musk and Jeff Bezos have made digs at each other over outer space.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, Time, US, San Francisco


SAP takes a punch to its software licensing revenue but Ellison's promise of customer exodus to Oracle seemingly fails to materialise

Nothing to say, Larry? Makes a change SAP took a gut-punch in the form of an 18 per cent dive in software licensing revenue to €0.77bn for its Q2 ended June 30, but it also chalked up a 20 per cent jump in contractually committed cloud revenue to €6.65bn.…
Tags: Software, Ellison, Sap, Larry


Defense attorneys in George Floyd case accuse AG Ellison of contempt of court; one calls for his arrest

Attorney Robert Paule wants sanctions against Attorney General Keith Ellison.
Tags: Ellison, George Floyd, Robert Paule


Defense attorney in George Floyd case accuses AG Ellison of contempt of court

Attorney Robert Paule wants sanctions against Attorney General Keith Ellison.
Tags: Ellison, George Floyd, Robert Paule


Even Oracle's biggest critics say that it's become a more viable cloud rival to Amazon Web Services, as it launches a 'significant and important' new data center product

Last week, Larry Ellison launched a version of Oracle's cloud that can run in a customer's own data centers.  This new product will present a competitive threat to a similar product from Amazon Web Services called Outposts. AWS is one of Oracle's chief rivals in the cloud market.   It could help Oracle capture a very lucrative segment of the cloud market before AWS, Microsoft or Google can. The product is good and costs less than competitors, analysts say. Even a former skeptic who used to jok...
Tags: Google, Microsoft, Trends, Larry Ellison, Gartner, Aws, Ellison, Oracle, Amazon Web Services, Larry, Wang, OCI, Ray Wang, Google Cloud, Leong, Lydia Leong


Salesforce's cofounder says he was initially shocked when the company became more valuable than Oracle: 'That's definitely a milestone'

As of July,  Salesforce was a more valuable company than its archrival Oracle, with a $179 billion market cap vs Oracle's of $176 billion. Salesforce cofounder Parker Harris took a moment to reflect on that achievement during a virtual event hosted by Piper Sandler. He said it felt like a "milestone" and recalled the company's early startup days decades ago working in Benioff's apartment when a $400 million value seemed like a lot. Visit Business Insider's homepage for more stories. Salesforc...
Tags: Google, Microsoft, San Francisco, Trends, Larry Ellison, Ibm, Jordan, Salesforce, Ellison, Oracle, Cnbc, Amazon Web Services, Marc Benioff, HARRIS, Benioff, Amazon Web Services Microsoft


Former Oracle cloud skeptics say its newly launched product is 'significant and important' to the market — and shows that it's becoming a more viable Amazon Web Services competitor

Earlier this week, Larry Ellison launched a version of Oracle's cloud that can run in a customer's own data centers.  This new product will present a competitive threat to a similar product from Amazon Web Services called Outposts. AWS is one of Oracle's chief rivals in the cloud market.   It could help Oracle capture a very lucrative segment of the cloud market before AWS, Microsoft or Google can. The product is good and costs less than competitors, analysts say. Even a former skeptic who use...
Tags: Google, Microsoft, Trends, Larry Ellison, Gartner, Aws, Ellison, Oracle, Amazon Web Services, Larry, Wang, OCI, Ray Wang, Google Cloud, Leong, Lydia Leong


'They Have Lost Control': How Minneapolis Leaders Failed to Stop Their City From Burning

Two days after George Floyd died, the police chief of Minneapolis called the mayor around dinnertime. He needed help. What had begun as peaceful protests outside the 3rd Police Precinct was turning into mayhem."He said, 'The Target is getting looted. We are not going to be able to handle this on our own,'" recalled Mayor Jacob Frey, who called Gov. Tim Walz, and asked for the National Guard.The governor said he would consider the request. Afterward, he expressed surprise that city leader...
Tags: Facebook, Rachel Maddow, News, Minnesota, Minneapolis, America, Los Angeles, Missouri, New York Times, Ferguson, City Council, Federal Reserve, Msnbc, Ellison, Dresden, Sigma