Story perspectives
Oracle Takes Charge of TikTok Data Amid Controversy
9/27/2025
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Story summary
- The TikTok deal has Oracle managing U.S. user data, while ByteDance keeps a minority stake and licenses its algorithm for retraining.
- Investors including Larry Ellison and the Murdochs agreed to a multibillion-dollar payment to the federal government, described as a "finders' fee."
- Trump's administration is accused of treating negotiations like a consulting contract, demanding payments from tech and steel.
