ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.
The platform is in need of saving in the United States, where approximately 170 million people have TikTok accounts. On Friday, the U.S. Supreme Court upheld a federal law that will ban the platform on Jan. 19 unless TikTok’s China-based owner ByteDance divests its U.S. operations.
CBS reported that the Supreme Court may release opinions regarding the TikTok ban case on its website on January 17, 10 a.m. ET. Although the announcement didn’t specify which case the Court would be releasing opinions on,
Morgan Stanley notes recent news reports suggest both President Biden and President-elect Trump are interested in extending the upcoming
Morgan Stanley analyst Brian Nowak maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $280.00.Stay
Chinese merchants on TikTok are taking precautionary measures to prepare for a looming ban of the short-video app in the United States, including switching to competing platforms and focusing on other overseas markets.
TikTok CEO Shou Zi Chew thanked Donald Trump for his commitment to "finding a solution" that keeps TikTok available in the U.S. after the ruling.
“A few months ago I returned some stuff to Amazon, they refunded my money, everything was great. Fast forward three months, and all of a sudden, the money is getting taken out of my bank account again. They said that I didn’t send back the actual item that I sent something else back, which wasn’t true,” Azzolini explains.
The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.
Second, however, TikTok does present a danger. But it’s the same danger all the social media platforms present: they collect large amounts of personal data from users, including teens. (Some call TikTok's collection excessive.) But this is a story we’ve heard over and over. They monetize invasive information for advertisers, no matter the danger.