By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > TikTok loses bid for emergency halt to looming US ‘divest or ban’ law
News

TikTok loses bid for emergency halt to looming US ‘divest or ban’ law

News Room
Last updated: 2024/12/13 at 8:47 PM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

TikTok has lost an emergency bid to temporarily halt a fast-approaching deadline under a US “divest or ban” law, leaving the fate of the popular video app owned by China’s ByteDance in the country ever more uncertain.

The US Court of Appeals for the District of Columbia Circuit on Friday rejected the emergency motion filed by the platform and its Chinese parent company at the start of the week, requesting the law be stayed from taking effect next month while it asks the Supreme Court to take up a challenge. 

The law, signed by President Joe Biden earlier this year, orders TikTok to be banned in the country if the app fails to divest from its parent by January 19 2025 — the day before Donald Trump is inaugurated as the new president.

Last week, the US appeals court upheld the law. TikTok subsequently requested a temporary injunction.

“The petitioners have not identified any case in which a court, after rejecting a constitutional challenge to an Act of Congress, has enjoined the Act from going into effect while review is sought in the Supreme Court,” the appeals court wrote in a brief order on Friday.

The court added that TikTok’s petition had relied on claims of free speech violations, which the judges had already rejected in their original decision last week.

The ruling now places TikTok’s future in the hands of the Supreme Court, which will need to decide if it will hear the appeal. 

TikTok may also be hoping for assistance from Trump, who has promised to “save” the app, without making clear the mechanisms he would use to do so when he takes the White House.  

The US Department of Justice has argued that TikTok poses a national security threat due to its Chinese connection and could be wielded for espionage or propaganda purposes. A US House of Representatives committee on Friday sent letters to Apple and Google, which operate popular app stores, reminding them that updates or downloads of the TikTok app would be prohibited after the deadline passes unless TikTok is divested.

TikTok has denied the accusations and deemed the law unconstitutional, while arguing that a spin-off would be technically “unfeasible” in the timeframe. Beijing has also said it opposes a sale. 

TikTok said in a statement on Friday: “As we have previously stated, we plan on taking this case to the Supreme Court, which has an established historical record of protecting Americans’ right to free speech. The voices of over 170 million Americans here in the US and around the world will be silenced on January 19th, 2025 unless the TikTok ban is halted.”

Additional reporting by Stefania Palma in Washington

Read the full article here

News Room December 13, 2024 December 13, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Meta’s Scale AI deal, Adobe earnings, Microsoft’s record high: Analyst weighs in

Watch full video on YouTube

Why Even High Earners Are Living Paycheck To Paycheck

Watch full video on YouTube

Empire State Realty Trust, Inc. (ESRT) Q2 2025 Earnings Call Transcript

Empire State Realty Trust, Inc. (NYSE:ESRT) Q2 2025 Earnings Conference Call July…

Stocks slide as Middle East tensions rise, energy shares gain, crypto portfolio tips

Watch full video on YouTube

Why 3D printed houses are on the rise

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Empire State Realty Trust, Inc. (ESRT) Q2 2025 Earnings Call Transcript

By News Room
News

Crown Castle Inc. 2025 Q2 – Results – Earnings Call Presentation (NYSE:CCI)

By News Room
News

Microsoft poaches top Google DeepMind staff in AI talent war

By News Room
News

White Brook Capital Partners Q2 2025 Commentary

By News Room
News

EU must strengthen Asian security ties despite US pressure, says Kaja Kallas

By News Room
News

US embassy in China warns exit bans risk straining bilateral relations

By News Room
News

Client Challenge

By News Room
News

Donald Trump’s escalating attacks on Federal Reserve unnerve investors

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?