The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.

While the U.S. TikTok blackout may have lasted only hours, the app has still not made a return to the iPhone's App Store.

Larry Ellison, co-founder of Oracle Corporation, has an estimated net worth of approximately $200 billion, currently placing him among the third richest person in the world, according to Forbes.

Oracle (NYSE: ORCL), the cloud provider for TikToks U.S. operations, has reportedly instructed staff to prepare for shutting down servers hosting TikToks U.S. data. According to The Information, the shutdown could occur

TikTok could be bought up by Oracle or Elon Musk if President Trump's comments are to be believed, after he pushed the ban back.

Jan 18 (Reuters) - Leaders at Oracle (ORCL.N), opens new tab, the main cloud computing provider for TikTok's U.S. operations, have told some staff to prepare to shut down servers that host U.S ...

TikTok CEO Shou Zi Chew thanked Donald Trump for his commitment to "finding a solution" that keeps TikTok available in the U.S. after the ruling.

US tech titans Elon Musk, Mark Zuckerberg and Jeff Bezos are taking a prominent place in the new Trump era, but another player from another era -- Oracle boss Larry Ellison -- is making a surprise return.

Larry, let’s negotiate in front of the media,” Trump said at a press conference with the Oracle co-founder, SoftBank CEO Masa Son, and OpenAI CEO Sam Altman to announce a $500 billion artificial intelligence infrastructure investment.

STORY: Shares of Oracle rebounded this week after sliding Friday on the possibility of an imminent TikTok ban in the U.S. Oracle hosts TikTok's U.S. user data on its servers, reviews the app's ...

TikTok also thanked Trump for his assurance that its service providers — which include Apple, Google, Oracle, and cloud provider Akamai — "will face no penalties" by providing TikTok to over ...