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.