Oracle

Oracle is a business software giant that is part of a group of US investors who recently finalized a deal with ByteDance, TikTok's Chinese parent company, to create a new US entity called TikTok USDS Joint Venture. This venture aims to operate TikTok in the United States, addressing national security concerns that led to a 2024 US law pushing for ByteDance to divest TikTok. Oracle's involvement is newsworthy because it signifies a major shift in TikTok's ownership and governance structure in the US. The deal allows TikTok to sidestep a potential ban. The new entity will collect more precise user location data. This arrangement is compared to Apple's data transfer to GCBD in China. The new TikTok entity is majority American-owned, with Oracle and other investors holding 80.1%.