(NEXSTAR) – The Supreme Court Friday decided to uphold a law that bans TikTok starting on Sunday, unless the social media app is sold off by its Chinese parent company.
Apple told customers with its devices that it also took down other apps developed by TikTok’s China-based parent company, including one that some social media ... an investor group to buy ...
(NEXSTAR) – The Supreme Court Friday decided to uphold a law that bans TikTok starting ... his internet advocacy group had submitted a proposal to buy the social media site from ByteDance.
President Donald Trump had recently expressed his support in SpaceX and Tesla CEO Elon Musk or Oracle CEO Larry Ellison purchasing TikTok.
YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.
Why it matters: TikTok is an incredibly popular social media platform, with more than 170 million users in the US. TikTok has a respectable 15% market share of US social media ad spending, which is smaller than Meta Platforms’ META 70% but larger than peers like Snap SNAP, Reddit RDDT, and Pinterest PINS.
TikTok came back online after Trump paused the ban. While the fate of the app remains to be seen, so-called “finfluencers” are not disappearing.
The bipartisan law - enacted in April and known as the Protecting Americans from Foreign Adversary Controlled Applications Act - threatens the companies with civil penalties of $5,000 per user. TikTok boasts some 170 million users in the U.S., so the cost to a company could reach $850 billion, according to Schettenhelm.
In an era dominated by towering SUVs and ubiquitous crossovers, one might assume the station wagon has been relegated to the annals of automotive history. Yet, against all
NEW YORK (AP) — Millions of TikTok users in the United States were no longer able to watch or post videos on the social media platform ... together an investor group to buy TikTok.
Apple told customers with its devices that it also took down other apps developed by TikTok’s China-based parent company, including one that some social media ... an investor group to buy ...