Larry Ellison, the co-founder of Oracle and a longtime friend of Donald Trump, is poised to become a significant force in the media landscape. This unexpected development stems from the ongoing situation surrounding TikTok, the popular video-sharing app.
During Trump's presidency, concerns were raised about TikTok's data security and its ties to the Chinese government. This led to discussions about potential bans and forced sales of the app's U.S. operations. Oracle emerged as a potential buyer, with Ellison playing a key role in negotiations.
If the deal proceeds, Oracle would gain a substantial stake in TikTok's U.S. operations. This would give Ellison considerable influence over the platform's content and direction, effectively making him a media mogul. The move marks a significant shift for Ellison, who has primarily focused on technology throughout his career. The long-term implications for TikTok and the broader social media environment remain to be seen.
Trump's TikTok Deal Could Make Larry Ellison a Media Powerhouse
Oracle co-founder Larry Ellison, a prominent figure in the 1990s, is back in the news thanks to TikTok. A potential deal, influenced by former President Trump, could give Ellison a significant stake in the popular social media platform. This move could transform Ellison into a major player in the media industry, a surprising turn for the tech billionaire.