TikTok says it will go dark on Sunday, January 19th if the Biden administration doesn’t intervene. The company says it will be “forced to go dark” on the 19th unless the outgoing administration provides a “definitive statement” assuring the app’s “most critical service providers” that they won’t be held liable for breaking the law.
The looming TikTok ban presents a multibillion-dollar headache for app store operators Apple and Google – as well as other Big Tech giants like Microsoft and Amazon that count its Chinese parent company ByteDance as a business partner.
The decision came a week after the justices heard a First Amendment challenge to a law aimed at the wildly popular short-form video platform used by 170 million Americans that the government fears could be influenced by China.
Morgan Stanley notes recent news reports suggest both President Biden and President-elect Trump are interested in extending the upcoming
The platform is in need of saving in the United States, where approximately 170 million people have TikTok accounts. On Friday, the U.S. Supreme Court upheld a federal law that will ban the platform on Jan. 19 unless TikTok’s China-based owner ByteDance divests its U.S. operations.
The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.
Morgan Stanley analyst Brian Nowak maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $280.00.Stay
Chinese merchants on TikTok are taking precautionary measures to prepare for a looming ban of the short-video app in the United States, including switching to competing platforms and focusing on other overseas markets.
The social media platform is days away from a shutdown — and users are scrambling to find new homes for their content.
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Many TikTok creators allow users to download their posts, but it’s possible you might not be able to save everything you want since some put limits on their content. Users also can’t download content off of private accounts or those registered to anyone under the age of 16.