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But although that’s now less than two full days away, there are still many unknowns about what exactly will happen.
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“The statements issued today by both the Biden White House and the Department of Justice have failed to provide the necessary clarity and assurance to the service providers that are integral to maintaining TikTok’s availability to over 170 million Americans,”the statement, posted online late Friday, read.
“Unless the Biden Administration immediately provides a definitive statement to satisfy the most critical service providers assuring non-enforcement, unfortunately TikTok will be forced to go dark on January 19.”
Experts had expected the app to be removed on Sunday from the Apple and Google app stores — which could face fines under the law for continuing to host TikTok after the deadline. That would mean anyone without the app already ontheir phones couldn’t download it, but existing users could continue accessing it, without security updates, until it eventually becomes glitchy or stops working.
But a Biden administration official told 【 - Free Best Stocks to Buy Today 】 Thursday that the outgoing president plans to leave it to Trump to enforce the ban. “Our position on this has been clear: TikTok should continue to operate under American ownership. Given the timing of when it goes into effect over a holiday weekend a day before inauguration, it will be up to the next administration to implement,” the official said.
understanding the trends in kaycee industries limited (504084) stock ✌️【Stock Club】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. That could mean that, given Trump takes office the day after the ban takes effect, there would be no one to explicitly instruct app stores to remove the platform on Sunday, potentially leaving them to decide for themselves whether to comply.
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understanding the trends in kaycee industries limited (504084) stock ✌️【Stock Club】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. Those concerns were renewed after areportin 2022 suggested US user data had been repeatedly accessed by China-based employees. TikTok has disputed the report. In recent years, the company says it made changes to how it handles US user data, including storing it in US-based severs owned by Silicon Valley tech company Oracle.
President Joe Bidensigned a billin April that required the platform to be sold to a new, non-Chinese owner or be banned in the United States.
understanding the trends in kaycee industries limited (504084) stock ✌️【Stock Club】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. The law to ban TikTok was widely supported across both sides of the aisle, with the US House of Representatives approving it with a bipartisan vote of 360-58. House Republican leadership attached the TikTok billto fundingfor Ukrainian military equipment and Israeli missile defense, putting the pressure on Senate lawmakers to consider the whole package in a single up-or-down vote.
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understanding the trends in kaycee industries limited (504084) stock ✌️【Stock Club】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. Trump had asked the Supreme Court to temporarily pause the ban’s implementation to give him time, as president, to negotiate a sale of TikTok. And sources familiar with his plans told 【 - Free Best Stocks to Buy Today 】 on Wednesday that he wasweighing whetherto delay the ban and preserve Americans’ access to the platform while he works on a deal.
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Even if the TikTok ban does go into effect, a sale of the app to a non-Chinese owner could restore access for US users.
understanding the trends in kaycee industries limited (504084) stock ✌️【Stock Club】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. A group formed by billionaire entrepreneur and former Los Angeles Dodgers owner Frank McCourt and including “Shark Tank”-famous investor Kevin O’Leary made aformal bidto buy TikTok from China-basedByteDance earlier this month. The group wants to buy TikTok’s US assets,albeit without the app’s beloved algorithm — which China has indicated it will not allow to be sold — and rebuild the platform with what they say would bea more transparent feed, and more usercontrol over their data.
Chinese officials have also reportedly discussed the possibility of selling TikTok to X owner Elon Musk, whom they might consider thefriendliest possible American owner. Musk and ByteDance have not commented on the reports; TikTok called them “pure fiction.”
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But here’s the thing: Even if TikTok is sold and Americans can keep using it, it will in many ways be a different app. Because China is almost certain to block the sale of the algorithm along with TikTok’s US assets, the app’s “For You” feed will have to be rebuilt by the new owner — which will be no easy task. Many tech giants have already spent years trying to replicate TikTok’s algorithm without quite succeeding.
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But since the algorithm may be where much of TikTok’s value lies, putting a firm dollar figure on the company is difficult.
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“We will refrain from publicly sharing the financial specifics of our offer until ByteDance is in a position to review our proposal,” the group said in a statement.
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