US Court Unanimously Upholds TikTok Ban; Trump Pledges to Save App Before January 19 Deadline

    US Court Unanimously Upholds TikTok Ban; Trump Pledges to Save App Before January 19 Deadline

    Dec 6, 2024, 03:42 PM

    A US federal appeals court has unanimously upheld a law requiring Chinese-based ByteDance to divest its popular short-video app TikTok in the United States by January 19, 2025, or face a ban. The court's decision affirms that the law is constitutional, allowing the US government to ban TikTok over national security concerns if ByteDance does not sell the app to an American owner. The ruling is a significant setback for TikTok as it fights for its survival in the US market. The potential ban is complicated by President-elect Donald Trump's opposition; he has pledged during his campaign to "save" TikTok and is expected to reverse the ban.

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    Markets

    Resolution / Starting Odds

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    Official announcements from the U.S. government or major news outlets

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