Trump Signs Executive Order in Attempt to Delay TikTok Ban
Published On Jan 20, 2025, 8:18 PM
President Trump has signed an executive order to delay the enforcement of a federal ban on TikTok for at least 75 days. The law, which required the app to be sold to a non-Chinese owner or face a ban, took effect recently. The order raises legal questions about presidential powers and may face challenges, especially since TikTok's operations were under scrutiny due to national security concerns. The law was initially signed by former President Biden, compelling ByteDance to divest TikTok or risk severe penalties.
Stock Forecasts
META
Positive
Given the delay in the TikTok ban, this development is likely to stabilize TikTok's user base and advertising revenue for the time being. Companies and investors involved in digital ads and social media platforms may find this news beneficial as it prevents an immediate disruption in one of the largest social media platforms in the U.S.
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