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Market
What will happen to TikTok's U.S. user base by end of 2024?
3
Resolution / Starting Odds
User base increases • 33%
User base remains stable • 33%
User base decreases • 33%
Official reports or user statistics from recognized sources
Story
TikTok and ByteDance Challenge Biden's Law Mandating Sale or Ban, Citing Political Demagoguery and Free Speech Violations
Jun 20, 2024, 07:22 PM
TikTok and its parent company ByteDance have filed a legal challenge against a new U.S. law that mandates the sale or ban of the app, arguing that the law is unconstitutional. The law, signed by President Joe Biden earlier this year, has been criticized by TikTok for being a result of 'political demagoguery' and for not considering less restrictive alternatives to address national security concerns. TikTok's legal brief, filed in federal court, details confidential meetings with federal officials and asserts that the law violates free speech rights. The company claims that Congress provided no justification for the ban and that the move unfairly targets TikTok's U.S. interests and its 170 million users. In response to the potential ban, TikTok's President of Global Business Solutions, Blake Chandlee, expressed confidence in the app's future.
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