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.
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
CBS reported that the Supreme Court may release opinions regarding the TikTok ban case on its website on January 17, 10 a.m. ET. Although the announcement didn’t specify which case the Court would be releasing opinions on,
Morgan Stanley analyst Brian Nowak maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $280.00.Stay
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.
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 company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.
“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.
The social media platform is days away from a shutdown — and users are scrambling to find new homes for their content.
A handful of bullish factors are converging at the right time in the right way for all three of these companies.