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VisitTikTok Sues U.S., Claims 'Unconstitutional' Law Forces Sale Within 270 Days
May 10, 2024, 07:00 AM
TikTok and its Chinese parent company ByteDance have initiated a legal battle against the U.S. government, challenging a new law signed by President Joe Biden that mandates the sale of the social media platform to a non-foreign adversary controlled entity by January 19, 2025, or face a nationwide ban within 270 days. The law, aimed at addressing national security concerns, has been criticized by TikTok as an 'obviously unconstitutional' violation of the First Amendment. The company argues that the ban is an 'extraordinary intrusion on free speech rights' and singles them out unfairly. TikTok is already prohibited on U.S. government agency devices due to previous national security concerns.
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Markets
No • 50%
Yes • 50%
U.S. government official announcement
No • 50%
Yes • 50%
Public announcement from TikTok or acquiring company
No • 50%
Yes • 50%
Official court ruling announcement
Settlement Reached • 34%
TikTok Loses • 33%
TikTok Wins • 33%
Official court ruling announcement
Public advocacy against similar laws • 25%
Change in data policies • 25%
No change in policies • 25%
Increase in lobbying efforts • 25%
Public statements or policies announced by companies
Owned by ByteDance • 25%
Sold to Non-Tech U.S. Entity • 25%
Sold to U.S. Tech Company • 25%
Other Foreign Non-Adversary • 25%
Public announcement from TikTok or acquiring company