TikTok offers early 2025 test for Supreme Court
Published On Jan 5, 2025, 4:04 PM
TikTok is appealing to the Supreme Court to block a federal law that threatens to ban the app unless its Chinese ownership is divested by January 19, 2025. The hearing will take place on January 10, with TikTok arguing that the ban violates free speech rights. The outcome could have major implications for TikTok's operations in the U.S. and could benefit competitors like Meta by redistributing advertising revenue. The case comes amid a broader discussion about potential government actions against foreign technology companies and implications for American data privacy.
Stock Forecasts
META
Positive
If the Supreme Court's ruling favors TikTok, the app's continued operation could bolster its market position and user engagement, benefiting the company financially. Conversely, if the law is upheld, it could lead to significant advertising revenue loss for TikTok and an increase for its rivals like Meta Platforms, Inc.
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