TikTok Asks Supreme Court to Block Law Banning Its U.S. Operations

Published On Dec 16, 2024, 3:29 PM

TikTok has asked the Supreme Court to temporarily block a law that would effectively ban the app in the U.S. The law was supported by President Biden and Congress over concerns about user data security and propaganda risks posed by its Chinese parent company. TikTok argues that the law infringes on First Amendment rights for both itself and its 170 million American users and highlights the cultural significance the app holds in American life.

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If TikTok's appeal is successful, it would likely maintain its market presence and user engagement, boosting investor confidence. Conversely, if the law is upheld and TikTok is banned, it could severely impact the company's revenue and lead to a downturn in tech stocks associated with social media and digital advertising.

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