Saturday, January 11, 2025 - TikTok has officially announced plans to cease its operations in the United States by January 19, 2025.
"Absent such relief, the Act will take effect on
January 19, 2025," TikTok said in a Dec. 9 legal filing. "That would
shut down TikTok—one of the Nation's most popular speech platforms for its more
than 170 million domestic monthly users on the eve of a presidential
inauguration."
Last year, President Joe Biden signed into law, a
legislation to remove TikTok from U.S. app stores and prohibit internet
providers across the nation from allowing access to the platform if ByteDance
cannot sell to an American company by Jan. 19.
The legislation was put in place amid concerns of China
possibly using TikTok to spy on U.S. residents.
In response, TikTok filed an emergency motion for an
injunction to stop the ban from taking effect, arguing that it violates the
First Amendment and will generate "substantial losses," per legal
documents.
The Supreme Court is slated to hear oral arguments on Jan.
10 over whether or not the law should be upheld.
Meanwhile, several entrepreneurs have launched a bid to
purchase TikTok, including Shark Tank's Kevin
O'Leary
"This isn't just about buying TikTok's U.S.
assets," he wrote in a Jan. 6 message on X, formerly Twitter. “It’s
about something much bigger: protecting the privacy of 170 million American
users.”
O'Leary continued, “It's about empowering creators and small
businesses. And it’s about building a platform that prioritizes PEOPLE over
algorithms. TikTok has immense potential, not just as a tool for creators but
as a driver of meaningful economic and social impact.”
However, O'Leary said he'll likely need an assist from
President-elect Donald Trump, who will be sworn into office on Jan. 20.
"Trump will be who we have to work with to close the
deal in the months ahead," he explained during a Jan. 6 appearance on Fox
News' The Story with Martha MacCallum,
per The Wrap. "So, I wanted to let him know—as well as others in his
cabinet—that we're doing this, and we're going to need their help."
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