Can Donald Trump 'save TikTok'? The clock is ticking.

Published On Nov 16, 2024, 11:00 AM

Donald Trump, now president-elect, has indicated he may try to save TikTok from a ban resulting from a law signed by President Biden that restricts foreign adversaries from owning U.S. applications. This law requires TikTok's Chinese parent company, ByteDance, to sell the app to a U.S. owner or face a ban by January 19, 2025. Trump claims he could work with Congress to overturn this law, especially now that Republicans control both chambers. Meanwhile, ByteDance is challenging the law's constitutionality in court, which could impact TikTok's future in the U.S.

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Stock Forecasts

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If Trump follows through with his campaign promise to protect TikTok, we could see a stabilization or recovery in its user base and operational capacity in the U.S. However, significant litigation and political opposition remain, which could delay any positive outcomes for the app. This landscape creates uncertainty for users and advertisers alike.

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