Former Oracle executive on what TikTok deal means for the company

ByteDance, the Chinese owner of social video app TikTok, has chosen Oracle to be TikTok’s U.S. technology partner, and Oracle will take a significant stake in the business, according to a person familiar with the discussions. Mark Douglas, founder and CEO of ad tech company SteelHouse and a former Oracle executive, joins "Squawk Box" to discuss.