Oracle Stock Surges 6% on TikTok Deal Involvement as Ellison Expands White House Ties

Oracle shares rallied after the TRUMP administration confirmed its pivotal role in the TikTok ownership restructuring. The tech giant will jointly control the app's U.S. operations through a new entity with Silver Lake, relegating China's ByteDance to a minority stake.

The agreement transfers TikTok's algorithm to U.S. jurisdiction through a complex cloning and retraining process. Oracle assumes critical security responsibilities, including data oversight and government compliance checks - a move WHITE House officials claim satisfies national security requirements.

Larry Ellison's growing political influence surfaces as his firm secures this strategic foothold in social media infrastructure. The deal leverages Oracle's existing cloud hosting relationship with TikTok, where co-CEO Clay Magouyrk already manages relevant data operations.