US TikTok service restored after Oracle cloud went down

"The American arm of the social media biz says it running normally following a significant outage caused by Winter Storm Fern. In an update on X, TikTok's US owners said the bad weather led to a power outage that caused network and storage issues at an Oracle datacenter site, which affected "tens of thousands of servers" that keep TikTok running in the US. While the storm was described as unusually large and severe, we note that Oracle founder and CTO Larry Ellison previously boasted to analysts in 2022 that "our cloud is very secure and extremely reliable,""

"In other Big Red news, Oracle disclosed that it needs to raise $45 billion to $50 billion in cash to fund expansion of its cloud infrastructure, saying that additional capacity is necessary to meet the contracted demand from customers including AMD, Meta, Nvidia, OpenAI, TikTok, and others. Reports suggest that Oracle's shares declined sharply following the news amid investor concern over the scale of the borrowing."

TikTok US services were restored after a Winter Storm Fern–caused power outage at an Oracle datacenter that produced network and storage issues and affected tens of thousands of servers. The outage interrupted platform operations while TikTok USDS, the new US ownership structure, and Oracle, which holds a 15% stake, hosted the service. ByteDance retained a minority stake. The US government pressured ByteDance to divest to avoid a ban. Oracle announced plans to raise $45–50 billion to expand cloud capacity to meet contracted demand from customers including AMD, Meta, Nvidia, OpenAI, and TikTok. Oracle shares fell amid investor concern over the borrowing scale.

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