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VisitPotential buyers for TikTok by mid-2025
Tech Company • 25%
Private Equity • 25%
Foreign Non-Chinese Company • 25%
No Buyer • 25%
Financial news outlets and official statements from interested parties
TikTok and Content Creators Sue U.S. Government Over Forced Sale or Ban, Citing First Amendment
May 14, 2024, 07:00 PM
TikTok and its parent company ByteDance have filed a lawsuit against the U.S. government, challenging a new law that forces the social media app to either be sold to a non-Chinese entity or face a ban in the U.S. by January 19, 2025. The lawsuit claims that the law, known as the Protecting Americans From Foreign Adversary Controlled Applications Act, is unconstitutional and violates the First Amendment rights of TikTok and its users. Additionally, a group of eight TikTok content creators, representing 170 million American users, has filed a separate lawsuit, echoing the company's arguments and emphasizing the law's impact on their free speech. The creators are represented by the First Amendment defense firm Davis Wright Tremaine. Legal experts suggest that the litigation could last for years, and the outcome remains uncertain. The law, signed by President Joe Biden, aims to address national security concerns related to TikTok's Chinese ownership. Critics argue that banning TikTok will not effectively protect user data and that the issue could have been resolved differently.
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US tech company • 33%
International tech company • 33%
Private equity firm • 34%
Google • 25%
Meta • 25%
Microsoft • 25%
No Sale • 25%
Owned by ByteDance • 25%
Sold to U.S. Tech Company • 25%
Sold to Non-Tech U.S. Entity • 25%
Other Foreign Non-Adversary • 25%
Microsoft • 25%
Facebook • 25%
Google • 25%
Other • 25%
Owned by ByteDance • 33%
Owned by U.S. company • 33%
Owned by consortium • 33%
Launch of a similar service • 25%
Acquisition of TikTok or its assets • 25%
No significant change in strategy • 25%
Partnership with other social media platforms • 25%
Settlement • 33%
Creators Win • 33%
Government Wins • 33%