TikTok faces potential ban in the US due to national security concerns

From Investing.com: 2025-01-04 04:00:00

TikTok’s battle against a U.S. ban has a tight deadline, with oral arguments set for January 10, just days before ByteDance must divest its U.S. operations by January 19. The law may be upheld, potentially leading to a ban or sale of the app.

Firms could face penalties of $5,000 per user for data violations after a 90-day grace period, prompting preemptive action from app stores.

President-elect Trump has urged the Supreme Court to delay the statute, seeking time for negotiation. The Biden administration supports the ban due to national security risks from TikTok’s Chinese ownership.

If national security is prioritized, TikTok might be removed from U.S. app stores, benefiting competitors like Meta and Alphabet.

TikTok’s future relies on the Supreme Court and changing political landscape, with critical insights expected from the January 10 arguments.



Read more at Investing.com: Tick Tock for TikTok? Chinese social media titan faces race against time and Trump By Investing.com