Official announcements from ByteDance or the acquiring company

Trump Awaits Court Ruling on TikTok's U.S. Fate, Impacting ByteDance, Oracle

Dec 5, 2024, 12:05 PM

The future of TikTok in the United States is uncertain as a federal appeals court is expected to rule on the app's potential ban this week. President-elect Donald Trump will have the final say on whether TikTok, owned by the Chinese company ByteDance, can continue operations in the U.S. or must be sold to an American buyer by January 19. The decision could benefit major U.S. tech companies while posing a risk to Oracle, which might lose a significant revenue source. Trump faces a divide among his supporters, with some viewing TikTok as a Chinese enemy within, while others see it as an indispensable social platform.