Users have flooded the app with satirical videos poking fun at the U.S. government's claims about data security.
The Supreme Court issued its opinion on the looming ban of TikTok in America upholding that the law will stay in effect, essentially forcing the app’s Chinese owner to sell its American holdings by Sunday or be forced to go dark.
In a unanimous 9-0 decision, the justices rejected efforts by TikTok and its parent company to challenge the law, citing national security concerns stemming from the app’s data
Entrepreneur Zhou Chaonan has become one of just three Chinese women billionaires in the ranks of world’s 500 richest people, propelled into the rarefied club by the rise of TikTok owner ByteDance Ltd.
In an unsigned opinion, the Court sided with the national security concerns about TikTok rather than the First Amendment rights. There were no noted dissents.
The social media giant is now due to be outlawed in America by Sunday unless its Chinese-based owner ByteDance sells the US version of the app
Tesla ( TSLA) stock jumped 3% Friday amid speculation that CEO Elon Musk could potentially buy TikTok. The social media platform needs to find an American buyer, or it will effectively face a countrywide ban starting next week — and Musk is reportedly the most likely candidate.
After TikTok said it would be "forced to go dark" on Sunday unless the White House took action, President-elect Trump told ABC News he'd be likely to grant the social media company an extension.
TikTok, owned by the Chinese company ByteDance, is facing a ban in the United States. What happens next could set the tone for incoming U.S. President Donald Trump's relationship with Beijing.
TikTok said it will have to “go dark” this weekend unless the outgoing Biden administration assures the company it won’t enforce a shutdown of the popular app after the Supreme Court on Friday unanimously upheld the federal law banning the app unless it’s sold by its China-based parent company.
TikTok said it will be forced to “go dark” in the US in a matter of hours unless the government steps in before a federal ban takes effect.