ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.
TikTok is set to go down — for now. The popular video-sharing app, used by 170 million Americans, was set to go dark late Saturday after TikTok’s Chinese-owned parent company announced late Saturday that they will make their services “temporarily unavailable.
TikTok CEO Shou Zi Chew thanked Donald Trump for his commitment to "finding a solution" that keeps TikTok available in the U.S. after the ruling.
The platform is in need of saving in the United States, where approximately 170 million people have TikTok accounts. On Friday, the U.S. Supreme Court upheld a federal law that will ban the platform on Jan. 19 unless TikTok’s China-based owner ByteDance divests its U.S. operations.
Morgan Stanley notes recent news reports suggest both President Biden and President-elect Trump are interested in extending the upcoming
Morgan Stanley analyst Brian Nowak maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $280.00.Stay
The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.
Chinese merchants on TikTok are taking precautionary measures to prepare for a looming ban of the short-video app in the United States, including switching to competing platforms and focusing on other overseas markets.
“A few months ago I returned some stuff to Amazon, they refunded my money, everything was great. Fast forward three months, and all of a sudden, the money is getting taken out of my bank account again. They said that I didn’t send back the actual item that I sent something else back, which wasn’t true,” Azzolini explains.
TikTok shut down U.S. operations Saturday night, complying with a U.S. law that banned the short video app, even as Donald Trump said a reprieve is "likely."