Oracle warns that a TikTok ban would hurt business [Video]

A U.S. ban of TikTok might hurt Oracle‘s business, the software company acknowledged in its annual report on Monday.

In April, President Joe Biden signed a bill demanding that China’s ByteDance sell TikTok in nine months, or one year if an extension is approved, if the short-video company wants to avoid a ban in the U.S. TikTok’s ownership structure has long been a source of tension in the U.S. due to concerns about user data making its way to China.

Oracle provides cloud infrastructure for TikTok, which has over 150 million users in the U.S.

“If we are unable to provide those services to TikTok, and if we cannot redeploy that capacity in a timely manner, our revenues and profits would be adversely impacted,” Oracle said in its annual report for the fiscal year ended May 31.

Concern over TikTok and its Chinese ownership dates back to 2020, when Donald Trump, who was then president, pushed for a sale or divestiture of the U.S. …