https://www.techdirt.com/articles/20210222/23523246299/oracle-which-promised-to-protect-tiktok-user-data-china-helps-chinese-law-enforcement-snarf-through-lots-private-data.shtml

As you'll recall, last summer there was a whole performative nonsense thing with then President Trump declaring TikTok to be a national security threat (just shortly after some kids on TikTok made him look silly by reserving a million tickets to a Trump rally they never intended to attend). Trump and his cronies insisted that TikTok owner ByteDance had to sell the US operations of TikTok to an American firm. The whole rationale about this was the claim -- unsupported by any direct evidence -- that TikTok was a privacy risk, because it was owned by a firm based in Beijing, and that firm likely had connections to the Chinese government (as do basically all large Chinese firms). But how was that privacy risk any worse than pretty much any other company? No one ever seemed to be able to say.

Eventually, after Trump blocked both Microsoft and Walmart from doing the deal, he "approved" a non-sale, but "hosting" deal with Oracle, whose founder/chair, Larry Ellison, and CEO, Safra Catz, were both big Trump supporters. It quickly came out that TikTok's investors deliberately went hunting for a company that they knew Trump liked, and that's why they asked Oracle.