Index Investing News
Thursday, May 15, 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

Trump govt order leaves TikTok in authorized limbo, for now By Reuters

by Index Investing News
January 21, 2025
in Stocks
Reading Time: 3 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


By Mike Scarcella

(Reuters) – U.S. President Donald Trump’s govt order to revive entry to TikTok has created a thicket of recent authorized questions for the short-video platform, together with new tensions between the White Home, members of Congress who need the platform banned, and tech firms caught within the center.

Authorized specialists mentioned regardless of Trump’s order, service suppliers and app distributors equivalent to Google (NASDAQ:) and Apple (NASDAQ:) nonetheless face main uncertainty and potential huge monetary legal responsibility for defying a legislation that banned TikTok in the US except Chinese language mum or dad ByteDance divested the corporate by Jan. 19. 

TikTok remained unavailable to obtain on Apple and Android gadgets in the US early Tuesday afternoon, after Trump signed an govt order on Monday looking for to pause the U.S. ban as one in every of his first acts as president.

The order directs the U.S. Justice Division to delay for 75 days any enforcement of the divestment legislation, handed by Congress final 12 months. 

Trump additionally directed the U.S. lawyer common to ship a letter to service suppliers equivalent to app retailer hosts, saying there was no prior violation of the legislation, and could be no legal responsibility throughout the assessment interval. 

College of Minnesota Regulation College professor Alan Rozenshtein mentioned in a submit on the nationwide safety publication Lawfare on Tuesday that the 75-day enforcement delay in Trump’s govt order “affords minimal safety,” nevertheless, since courts don’t see such guarantees as binding.

“Trump may change his thoughts at any time or selectively implement in opposition to firms that fall from political favor,” Rozenshtein wrote.

Google declined to remark, and Apple didn’t instantly reply to a request for one.

The divestment legislation, which Congress handed with overwhelming bipartisan assist amid nationwide safety considerations over Chinese language affect, was signed by President Joe Biden and upheld by a unanimous U.S. Supreme Courtroom on Jan. 17. 

It imposes a civil penalty on service suppliers of $5,000 per consumer for violations of the ban, creating billions of {dollars} of potential authorized publicity.

Government orders can’t overturn legal guidelines enacted by Congress, and lawmakers have sued up to now to implement legal guidelines they’ve handed. Authorized specialists mentioned that even a hypothetical lawsuit from each homes of Congress could possibly be a protracted shot, nevertheless, since courts is perhaps inclined to see it as political query finest left for the legislature, or a nationwide safety matter that falls beneath the White Home’s management.

The TikTok legislation doesn’t lay out a proper for personal people to implement it. However shareholders may sue service suppliers that cited Trump’s order to disregard the ban.

“Shareholders of suppliers would have a legitimate case in opposition to firms that depend on the EO,” mentioned cybersecurity and digital privateness professional Timothy Edgar, who teaches at Brown College. “It is an enormous gamble they’re taking, given the extraordinary penalties the legislation gives.” 





Source link

Tags: ExecutiveLeaveslegalLimboOrderReutersTikTokTrump
ShareTweetShareShare
Previous Post

David Einhorn says now we have reached the ‘Fartcoin’ stage of the market cycle

Next Post

5 takeaways on Trump’s opening commerce salvo

Related Posts

Transferring iMage Applied sciences, Inc. (MITQ) Q3 2025 Earnings Name Transcript

Transferring iMage Applied sciences, Inc. (MITQ) Q3 2025 Earnings Name Transcript

by Index Investing News
May 15, 2025
0

Transferring iMage Applied sciences, Inc. (NYSE:MITQ) Q3 2025 Earnings Convention Name Could 15, 2025 11:00 AM ET Firm Contributors Chris...

Allianz SE 2025 Q1 – Outcomes – Earnings Name Presentation (OTCMKTS:ALIZF)

Allianz SE 2025 Q1 – Outcomes – Earnings Name Presentation (OTCMKTS:ALIZF)

by Index Investing News
May 15, 2025
0

This text was written byObserveLooking for Alpha's transcripts workforce is chargeable for the event of all of our transcript-related initiatives....

Okeanis Eco Tankers Corp. 2025 Q1 – Outcomes – Earnings Name Presentation (NYSE:ECO)

Okeanis Eco Tankers Corp. 2025 Q1 – Outcomes – Earnings Name Presentation (NYSE:ECO)

by Index Investing News
May 15, 2025
0

Q1: 2025-05-14 Earnings AbstractEPS of $0.39 beats by $0.15  | Income of $48.56M (-40.07% Y/Y) beats by $1.65MThis text was written...

Bireme Capital April 2025 Investor Letter

Bireme Capital April 2025 Investor Letter

by Index Investing News
May 15, 2025
0

deepblue4you Basic Worth suffered a distressing -16.5% fall in 2024, whereas the S&P returned a stellar 24.9%. By way of...

SPYI Might Be The Revenue ETF That Will get It Proper

SPYI Might Be The Revenue ETF That Will get It Proper

by Index Investing News
May 15, 2025
0

This text was written byComply withI'm a inventory analyst with 20+ years of expertise in quantitative analysis, monetary modeling, and...

Next Post
5 takeaways on Trump’s opening commerce salvo

5 takeaways on Trump’s opening commerce salvo

Damages in Los Angeles Are Estimated to Value Practically 5 Billion

Damages in Los Angeles Are Estimated to Value Practically $275 Billion

Leave a Reply Cancel reply

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

RECOMMENDED

Randy Arozarena helps Mariners rally to knock off Astros

Randy Arozarena helps Mariners rally to knock off Astros

April 10, 2025
Tottenham Women 0 – 3 Man City Women

Tottenham Women 0 – 3 Man City Women

October 22, 2022
Hamas ‘has budget of over £1.5billion per year’ to finance atrocities

Hamas ‘has budget of over £1.5billion per year’ to finance atrocities

October 31, 2023
Again to the Future: NIRP version

Again to the Future: NIRP version

February 6, 2025
All police fees in opposition to Scottie Scheffler dropped after arrest at US PGA

All police fees in opposition to Scottie Scheffler dropped after arrest at US PGA

May 29, 2024
Is Beyond Meat Stock Still to Our Taste?

Is Beyond Meat Stock Still to Our Taste?

March 2, 2023
Simply Listed | 890 Windermere Approach

Simply Listed | 890 Windermere Approach

October 15, 2024
What to Put money into Throughout a Recession (2022 Version)

What to Put money into Throughout a Recession (2022 Version)

July 9, 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