TikTok Says U.S. Employees Will Have Jobs Even if the App Is Banned
Published On Jan 15, 2025, 11:34 AM
TikTok has reassured its U.S. employees that their jobs will remain secure even if a Supreme Court ruling enforces a ban on the app due to a law requiring it to be sold to a non-Chinese owner. The company is preparing for various potential outcomes while awaiting the decision, expected before January 19. Despite the uncertainty surrounding its operations in the U.S., TikTok claims it will continue to pay employees and maintain its offices. This demonstrates TikTok's ongoing commitment to its U.S. workforce amidst the legal challenges it faces.
Stock Forecasts
BIDU
Negative
Given the potential legal challenges TikTok faces, including the possible ban and requirement to sell to a non-Chinese owner, the uncertainty surrounding its U.S. operations could negatively impact the valuation of ByteDance's stock and any ETFs heavily invested in Chinese technology. Investors might see this as a negative outlook for TikTok's growth and sustainability in one of its largest markets.
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