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Market
ByteDance's ownership status of TikTok by end of 2024
5
Resolution / Starting Odds
ByteDance retains majority ownership • 25%
ByteDance divests majority stake • 25%
ByteDance sells TikTok • 25%
No change in ownership • 25%
Corporate announcements and filings
Story
TikTok Sues U.S. to Block Ban Affecting 170 Million, Cites First Amendment
May 7, 2024, 04:22 PM
TikTok and its parent company ByteDance have filed a lawsuit against the U.S. government, challenging a new law signed by President Joe Biden that mandates the divestiture of the social media platform or face a nationwide ban. The companies argue that the law, which could lead to TikTok's shutdown by January 19, 2025, and affects 170 million American users, violates users' First Amendment rights. The lawsuit highlights concerns over ByteDance's extensive control over TikTok and its impact on free speech.
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Owned by ByteDance • 33%
Owned by U.S. company • 33%
Owned by consortium • 33%
ByteDance sells its stake • 50%
ByteDance retains its stake • 50%
Shutdown operations • 33%
Sell majority stake • 33%
Maintain current operations without changes • 34%
Owned by ByteDance • 25%
Sold to U.S. Tech Company • 25%
Sold to Non-Tech U.S. Entity • 25%
Other Foreign Non-Adversary • 25%
Continues operation under new ownership • 33%
Ceases operations • 33%
Operates with significant restrictions • 34%
US tech company • 33%
International tech company • 33%
Private equity firm • 34%
