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How will ByteDance respond to the U.S. law by January 19, 2025?
2
TikTok•Chinese•ByteDance•Department of Justice•Americans•Supreme Court•First Amendment•House Select Committee•Chinese Communist Party•Apple•Google
Resolution / Starting Odds
Comply with divestment • 25%
Seek further legal action • 25%
Negotiate with U.S. government • 25%
Other response • 25%
Official press releases from ByteDance or major news outlets
Story
Appeals Court Denies TikTok's Bid; Ban Set for January 19 Unless ByteDance Divests
Dec 13, 2024, 11:02 PM
A U.S. federal appeals court has rejected TikTok's bid to temporarily block the Protecting Americans’ Data from Foreign Adversary Controlled Applications Act, a law that could result in a ban of the app next month. The law, set to take effect on January 19, requires TikTok's Chinese parent company, ByteDance, to divest its U.S. operations or face a nationwide ban. The Department of Justice argued that TikTok is downplaying national security concerns associated with its Chinese ownership. TikTok, used by 170 million Americans, plans to appeal the decision to the Supreme Court, asserting that the law violates the First Amendment. Meanwhile, lawmakers from the House Select Committee on the Chinese Communist Party have urged Apple and Google to prepare to remove TikTok from their app stores by the January deadline. The D.C. Circuit Court's decision brings TikTok one step closer to a potential ban, significantly impacting the platform's future in the U.S.
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Similar markets
ByteDance divests TikTok's U.S. assets • 25%
ByteDance does not divest TikTok's U.S. assets • 25%
ByteDance sells TikTok to a U.S. company • 25%
ByteDance retains TikTok through legal means • 25%
Divest ownership • 25%
Seek further legal action • 25%
Comply without divestiture • 25%
No action taken • 25%
Complete divestment from TikTok • 25%
Partial divestment or restructuring • 25%
Legal appeal and no divestment • 25%
Other actions • 25%
Divests TikTok • 25%
Does Not Divest • 25%
Finds Alternative Solution • 25%
Awaiting Supreme Court Decision • 25%
Partnership with U.S. company • 25%
Legal action against U.S. government • 25%
Operational changes • 25%
No significant action • 25%
Complete Sale • 25%
Spin-off • 25%
Joint Venture • 25%
Other • 25%
Complete divestment • 25%
Partial divestment • 25%
No divestment • 25%
Extension granted • 25%
ByteDance sells TikTok • 25%
ByteDance retains TikTok • 25%
TikTok operations suspended • 25%
Other action • 25%
Sell U.S. assets • 25%
Move data storage out of China • 25%
No significant changes • 25%
Other actions • 25%
Divestment Completed • 25%
Divestment Announced • 25%
No Divestment • 25%
Extension Granted • 25%
