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why is bodal chemicals limited (524370) rising ✌️【Fixed Income】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. The potential executive order, which wasfirst reported by The Washington Post, would strive to allow TikTok’s170 million American usersto continue to use the app for a certain period of time as the administration sorts out who could potentially buy it.

why is bodal chemicals limited (524370) rising ✌️【Fixed Income】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. Trump, who supported a TikTok ban as president, has recently said he wants to keep the app alive – even posting a TikTok video in June in which he said he wanted to “save TikTok.” Last month, heasked the Supreme Courtto stay the law so his incoming administration could work out a deal to keep TikTok available to Americans.

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Because the ban would take place a day before Trump takes office, an executive order on January 20 wouldn’t even be an 11th-hour attempt to save TikTok – it would have already been banned at that point.

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“The stakes here are high: As a practical matter, even if the Court rules that the law is constitutional by the January deadline, ByteDance cannot divest TikTok in that limited time,” the senators wrote in their letter, sent December 19.

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But even if TikTok shuts itself down Sunday, that doesn’t mean it would go dark forever. It could ultimately sell itself to an American buyer down the road, which would presumably turn TikTok back on for American users.

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ByteDance has long been adamant that it has no intention of selling itself. TikTok’s magical algorithm that keeps you hooked on the app is its secret power, and putting a price tag on such a valuable commodity, envied by every other social media app, is difficult. Spinning off an American-only version of TikTok could also mean the rest of the world has to download a new app to access US users’ content. YetBloombergand theWall Street Journalreported earlier this week thatChina is weighing a sale — to Elon Musk.

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O’Leary and McCourt’s bid, valuing the app at roughly $20 billion, is partly crowdfunded from the public. But it would not include an acquisition of the app’s algorithm, the key to its success and also US officials’ biggest security concern. O’Leary tells 【 - Free Discussion Group 】 the offer has been disseminated to interested parties, but it remains unclear whether the company will choose to engage.

“Both administrations have seen the offer and have access to it, as do all American shareholders of ByteDance,” O’Leary said in an interview. “And we have made sure ByteDance itself has it in its possession.”

If ByteDance chooses to engage, Trump could perhaps argue that significant progress has been made on a deal and delay the ban.

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