Beijing-based internet company ByteDance. According to TikTok, about 60% of the parent company is owned by global institutional investors, 20% by the company’s founders and 20% by employees. When will TikTok be banned in the US? If the Supreme Court does ...
Political shifts and legal hurdles have delayed TikTok's removal, with Biden reportedly kicking the issue to Trump.
The thing is, ByteDance, TikTok's parent company, owns and operates other apps within the U.S. None of these apps are currently in talks to be banned, but they all should, in theory, have many of the same concerns that caused the government to go after TikTok.
The app had more than 170 million monthly users in the U.S. The black-out is the result of a law forcing the service offline unless it sheds its ties to ByteDance, its China-based parent company.
The Supreme Court has decided to uphold the law that will ban TikTok on Jan. 19 if its parent company ByteDance continues to refuse to sell the app before then.
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be
After hearing arguments on Friday morning, the U.S. Supreme Court decided to uphold the law, meaning that TikTok will be banned effective if the parent company ByteDance does not sell the company by Sunday.
The Supreme Court said it may announce opinions on Friday, a last-minute addition that comes just two days before a law that would ban TikTok is set to go into effect.
The Supreme Court issued its opinion on the looming ban of TikTok in America upholding that the law will stay in effect, essentially forcing the app’s Chinese owner to sell its American holdings by Sunday or be forced to go dark.
The US Supreme Court has upheld the law mandating China-based ByteDance to divest its ownership of TikTok by Sunday, or face an effective ban of the popular video-sharing app in the United States. The ruling underscores growing national security concerns tied to TikTok’s data collection practices and alleged links to the Chinese government,
The Supreme Court rejected TikTok's appeal to halt a law banning the app in the U.S. unless Chinese parent ByteDance sells its stake by Jan. 19.