Oracle stock slumped as TikTok’s U.S. data host was affected by the prospect of a ban of the social media app, slicing $9 billion from Larry Ellison’s net worth.

TikTok had an estimated $10.1 billion in U.S. advertising revenue last year and could score $12.8 billion this year, according to analysts at Benchmark. They reckon that revenue p

Congress labeled the app’s Chinese ownership a national security risk and passed a law that would ban the social media platform unless it was sold. TikTok and creators say that violates their free speech rights.

Justice Samuel Alito asked TikTok creators’ attorney about whether his clients would actually be harmed if TikTok went away or if they could just go to a different platform, que

The justices will review a law that would effectively shut down TikTok in the United States this month unless the company divests from Chinese ownership.

TikTok isn’t going down without a fight. The video-sharing social media app is facing a potential ban in the U.S. on Jan. 19, and will deliver oral arguments in its defense before the Supreme Court on Friday at 10 a.

As TikTok heads to Supreme Court, analysts see Meta stock and Google as likely beneficiaries of a ban on the app.

U.S. lawmakers on both sides of the political spectrum have criticized TikTok, citing national security concerns and worries about its Chinese parent company, the Beijing-headquar