If the law is not overturned, both TikTok and its parent company ByteDance have claimed that the popular app will shut down by Jan. 19, 2025.
and ruled that the law, which requires TikTok’s China-based parent company ByteDance to divest its stakes in the social media company or face a ban, was constitutional.If the law is not overturned, both TikTok and its parent ByteDance, which is also a plaintiff in the case, have claimed that the popular app will shut down by Jan. 19, 2025. TikTok has more than 170 million American users who would be affected, the companies have said.
The company would also lose 29% of its total “targeted global” advertising revenue for next year as well as talent since current and prospective employees would look elsewhere for jobs, they wrote. Whether you give once or many more times, we appreciate your contribution to keeping our journalism free for all.. We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you.
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