Oracle Pours $2 Billion into TikTok US Venture, Secures Key Role

• Oracle disclosed a roughly $2 billion investment in TikTok USDS Joint Venture LLC in its latest quarterly filing.
• The tech giant now holds a 15% stake and a board seat in the restructured TikTok U.S. operations.
• The restructuring followed a 2024 national security law by Joe Biden, requiring ByteDance to divest TikTok's U.S. operations.
• Oracle is responsible for housing TikTok's U.S. user data and acts as a security provider.
• The transition faced glitches, including a power outage and an Oracle data center issue affecting user experience.