Index Investing News
Sunday, May 11, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

TikTok prepares to close down app in US on Sunday, sources say By Reuters

by Index Investing News
January 16, 2025
in Markets
Reading Time: 4 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


By David Shepardson and Krystal Hu

WASHINGTON/NEW YORK (Reuters) -TikTok plans to close U.S. operations of its social media app utilized by 170 million People on Sunday, when a federal ban is about to take impact, barring a last-minute reprieve, folks acquainted with the matter stated on Wednesday.

The Washington Put up reported President-elect Donald Trump, whose time period begins a day after a ban would begin, is contemplating issuing an government order to droop enforcement of a shutdown for 60 to 90 days. The newspaper didn’t say how Trump may legally achieve this.

The regulation signed in April mandates a ban on new TikTok downloads on Apple (NASDAQ:) or Google (NASDAQ:) app shops if Chinese language dad or mum ByteDance fails to divest the location.

Customers who’ve downloaded TikTok would theoretically nonetheless be capable to use the app, besides that the regulation additionally bars U.S. corporations beginning Sunday from offering companies to allow the distribution, upkeep, or updating of it.

The Trump transition crew didn’t have a direct remark. Trump has stated he ought to have time after taking workplace to pursue a “political decision” of the problem.

“TikTok itself is a unbelievable platform,” Trump’s incoming nationwide safety adviser Mike Waltz informed Fox Information on Wednesday. “We will discover a approach to protect it however shield folks’s knowledge.”

A White Home official informed Reuters Wednesday President Joe Biden has no plans to intervene to dam a ban in his ultimate days in workplace if the Supreme Courtroom fails to behave and added Biden is legally unable to intervene absent a reputable plan from ByteDance to divest TikTok.

U.S. Senator Ed Markey on Wednesday sought unanimous consent to increase the deadline for ByteDance to divest TikTok by 270 days however Republican Senator Tom blocked the proposal.

Whether it is banned, TikTok plans that customers making an attempt to open the app will see a pop-up message directing them to a web site with details about the ban, the folks stated, requesting anonymity because the matter just isn’t public.

“We go darkish. Basically, the platform shuts down,” TikTok lawyer Noel Francisco informed the Supreme Courtroom final week.

The corporate additionally plans to offer customers an choice to obtain all their knowledge in order that they’ll take a report of their private info, the sources stated.

The U.S. Supreme Courtroom is at present deciding whether or not to uphold the regulation and permit TikTok to be banned on Sunday, overturn the regulation, or pause the regulation to offer the courtroom extra time to decide.

Shutting down TikTok within the U.S. may make it unavailable for customers in lots of different nations, the corporate stated in a courtroom submitting final month, as a result of lots of of service suppliers within the U.S. assist make the platform out there to TikTok customers all over the world – and will now not achieve this beginning Sunday.

TikTok stated within the courtroom submitting an order was wanted to “keep away from interruption of companies for tens of hundreds of thousands of TikTok customers outdoors america.”

TikTok had stated that the prohibitions would ultimately make the app unusable, noting within the submitting that “knowledge facilities would virtually actually conclude that they’ll now not retailer” TikTok code, content material, or knowledge.

The sources stated the shutdown goals to guard TikTok service suppliers from authorized legal responsibility and make it simpler to renew operations if President-elect Donald Trump opted to roll again any ban.

Shutting down such companies doesn’t require longer planning, one of many sources stated, noting that almost all operations have been persevering with as common as of this week. If the ban will get reversed later, TikTok would be capable to restore service for U.S. customers in a comparatively brief time, sources stated. 

TikTok and its Chinese language dad or mum, ByteDance, didn’t instantly reply to Reuters’ requests for remark.

U.S. tech publication The Data first reported the information late on Tuesday.

Privately held ByteDance is about 60% owned by institutional traders comparable to BlackRock (NYSE:) and Common Atlantic, whereas its founders and staff personal 20% every. It has greater than 7,000 staff in america.

President Joe Biden final April signed a regulation requiring ByteDance to promote its U.S. property by Jan. 19, or face a nationwide ban. Final week, the Supreme Courtroom appeared inclined to uphold the regulation, regardless of calls from Trump and lawmakers to increase the deadline.

TikTok and ByteDance have sought, on the very least, a delay within the implementation of the regulation, which they are saying violates the U.S. Structure’s First Modification safety towards authorities abridgment of free speech.

TikTok stated within the courtroom submitting final month it estimated one-third of its 170 million American customers would cease accessing the platform if the ban lasted a month.





Source link

Tags: apppreparesReutersshutsourcesSundayTikTok
ShareTweetShareShare
Previous Post

Highlights, targets, scores from Newcastle vs Wolves and Leicester vs Crystal Palace

Next Post

Bitcoin’s $6.5B sell-off: What you could know | by Yumi Sumiko (Crypto Story teller) | The Capital | Jan, 2025

Related Posts

Prime Wall Avenue analysts recommend 3 shares for stable development potential

Prime Wall Avenue analysts recommend 3 shares for stable development potential

by Index Investing News
May 11, 2025
0

The U.S. Federal Reserve lately introduced its plan to maintain rates of interest regular, cautioning, "uncertainty in regards to the...

Trump contemplating government order to hurry building of nuclear crops – NY Instances

Trump contemplating government order to hurry building of nuclear crops – NY Instances

by Index Investing News
May 11, 2025
0

Could 10, 2025 8:25 PM ETInternational X Uranium ETF (URA), NLRCEG, NRG, CCJ, LEU, UUUU, DNN, UEC, NXE, URNM, OKLO,...

Powell might have a tough time avoiding Trump’s ‘Too Late’ label whilst Fed chief does the proper factor

Powell might have a tough time avoiding Trump’s ‘Too Late’ label whilst Fed chief does the proper factor

by Index Investing News
May 10, 2025
0

U.S. Federal Reserve Chair Jerome Powell speaks throughout a press convention following a two-day assembly of the Federal Open Market...

Investor Ric Edelman reacts to crypto ETF increase

Investor Ric Edelman reacts to crypto ETF increase

by Index Investing News
May 11, 2025
0

Bitcoin's milestone week comes as new crypto exchange-traded funds are hitting the market.Investor and best-selling private finance writer Ric Edelman...

America failing its younger traders, warns monetary guru Ric Edelman

America failing its younger traders, warns monetary guru Ric Edelman

by Index Investing News
May 11, 2025
0

One of the acknowledged names in private finance is urging People to extend their monetary literacy, and urging the nation...

Next Post
Bitcoin’s .5B sell-off: What you could know | by Yumi Sumiko (Crypto Story teller) | The Capital | Jan, 2025

Bitcoin’s $6.5B sell-off: What you could know | by Yumi Sumiko (Crypto Story teller) | The Capital | Jan, 2025

CenterPoint readies for second main chilly snap of 2025 and is deploying its chilly climate readiness plan By Investing.com

CenterPoint readies for second main chilly snap of 2025 and is deploying its chilly climate readiness plan By Investing.com

Leave a Reply Cancel reply

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

RECOMMENDED

How the Drama of ‘The Blind Side’ Helped Sports Fans Look Past Questions

How the Drama of ‘The Blind Side’ Helped Sports Fans Look Past Questions

August 18, 2023
Apollo Industrial Q1: High quality Mortgage REIT With 11% Yield (NYSE:ARI)

Apollo Industrial Q1: High quality Mortgage REIT With 11% Yield (NYSE:ARI)

April 28, 2025
Indian startups well placed to become global leaders

Indian startups well placed to become global leaders

November 21, 2022
The Next Nvidia for AI’s .7 Trillion Revolution?

The Next Nvidia for AI’s $15.7 Trillion Revolution?

April 11, 2024
Why sanctions aren’t deterring Russia from its targets

Why sanctions aren’t deterring Russia from its targets

March 8, 2022
Rokkr coast previous Heretics in qualifying motion for Stage 2 Main

Rokkr coast previous Heretics in qualifying motion for Stage 2 Main

February 16, 2025
U.S. Appeals Court rejects environmental challenge to Mountain Valley Pipeline (NYSE:ETRN)

U.S. Appeals Court rejects environmental challenge to Mountain Valley Pipeline (NYSE:ETRN)

August 12, 2023
Russia-Ukraine newest: UN says civilian casualties exceed 10,000 | Russia-Ukraine warfare Information

Russia-Ukraine newest: UN says civilian casualties exceed 10,000 | Russia-Ukraine warfare Information

June 18, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In