Oracle Warns of Revenue Loss if US Enforces TikTok Ban

New legislation could disrupt Oracle's cloud services for TikTok, impacting financial performance.

Oracle's partnership with TikTok contributes between $480 million to $800 million in annual revenue.
The law requires TikTok's Chinese parent, ByteDance, to divest within 12 months or face a US ban.
Oracle's cloud infrastructure is critical for TikTok's US operations, storing and processing user data.
Compliance with the new law may increase Oracle's operational costs.
TikTok is challenging the legislation, arguing it violates the First Amendment.