While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are its most valuable.
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 company argued that the law, citing potential Chinese threats to the nation’s security, violated its First Amendment rights and those of its 170 million users.
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 Supreme Court seemed to lean Thursday toward upholding a law forcing Chinese parent company ByteDance to sell off TikTok, with all nine justices indicating national security concerns posed by the social media app outweighed potential threats to free speech.
Now that TikTok has finally reached the end of its legal options in the US to avoid a ban, somehow, its future seems less clear than ever. The Supreme Court couldn’t have been more direct: the Protecting Americans from Foreign Adversary Controlled Applications Act,
TikTok's parent company is asking the Supreme Court to halt a law that would require the company to sell TikTok to a U.S. firm or face a ban.
The Supreme Court has upheld the federal law banning TikTok unless it’s sold by its China-based parent company
The U.S. Supreme Court has unanimously upheld a law demanding ByteDance divest TikTok by Sunday, citing national security risks.
The Supreme Court unanimously upheld a federal law on Friday banning TikTok unless its China-based parent company, ByteDance, sells the app.
Among the investors since ByteDance's initial funding in 2012 include venture funds such as Sequoia Capital, Tiger Global Management, SoftBank, TCV, General Atlantic, Sky9 Capital, Hillhouse and Susquehanna Asia Investments.