TikTok’s long-shot strategy to escape US ban is down to SCOTUS and Trump

Published On Dec 17, 2024, 1:52 PM

TikTok is desperately trying to avoid a nationwide ban in the U.S. by making emergency appeals to the Supreme Court and reaching out to President-elect Donald Trump. The company filed a request to block the enforcement of a federal law that would take effect on January 19, unless TikTok is sold to a U.S. owner. TikTok's CEO recently met with Trump, who has expressed a willingness to help the app, differing from his prior stance where he sought to ban it. However, legal experts suggest that any successful intervention might be limited and that a sale is still a possibility. TikTok is pushing back against claims that its platform threatens U.S. security, arguing that the ban is more about free speech concerns.

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With TikTok's appeals gaining media attention, investor sentiment might lean towards viewing the potential resolution favorably, assuming a temporary reprieve or ongoing operations in the U.S. However, the uncertainty regarding the app's future could lead to volatility in related technology sectors or companies involved in advertising revenue on the platform.

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