TikTok loses appeal against US ban law

Published On Dec 6, 2024, 11:09 AM

TikTok has lost its legal appeal against a U.S. law that could lead to a ban or forced sale by early 2025. The federal court ruled that the law addresses national security risks associated with the company's Chinese ownership and noted extensive bipartisan support for the measure. TikTok may appeal to higher courts, and a potential political shift depending on the outcome of the 2024 U.S. presidential election could change TikTok's fate.

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As TikTok faces a imminent ban, the associated uncertainty could negatively affect its parent company, ByteDance. Additionally, this situation could potentially benefit other social media platforms in the U.S. market, such as Meta Platforms, Inc., which owns Facebook, Instagram, and other services that are competing with TikTok.

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