The social media platform TikTok is bracing for a shutdown in the United States on January 19, the day a federal ban is set to take effect. The app’s future hinges on a Supreme Court ruling that could block the legislation or force its compliance.
Supreme Court weighs TikTok ban
Last week, TikTok’s legal team argued before the Supreme Court, challenging the constitutionality of a law mandating ByteDance, TikTok’s Chinese parent company, to divest its US operations. If the court upholds the law, TikTok’s shutdown will coincide with the eve of President-elect Donald Trump’s inauguration.
Potential buyers for TikTok’s US operations
Should ByteDance agree to sell, several US buyers have expressed interest, including billionaire Frank McCourt. Reports also indicate China may consider a sale to Elon Musk, known for his close ties to Trump, as a contingency plan if the ban proceeds.
Trump’s tougher stance raises concerns
With Donald Trump’s administration set to adopt stricter policies toward Beijing, speculation about TikTok’s long-term prospects in the US market has intensified. Despite potential shutdowns, the platform may explore ways to re-enter the market in the future.
