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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 Exclusive Group 】 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.
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What is causing the price volatility of Suncity Synthetics Limited (530795) ✌️【High Risk, High Return】✌️ Free stock market analysis and data updates to help you select the best investment portfolio. Achieve steady growth and avoid losses with expert predictions and real-time market insights. 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.
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What is causing the price volatility of Suncity Synthetics Limited (530795) ✌️【High Risk, High Return】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. 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 Exclusive Group 】 on Wednesday that he wasweighing whetherto delay the ban and preserve Americans’ access to the platform while he works on a deal.
What is causing the price volatility of Suncity Synthetics Limited (530795) ✌️【High Risk, High Return】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. TikTok CEO Shou Chew is set to be seated on the dais, alongside other leading tech CEOs, at Trump’s inauguration — perhaps a sign of just how serious the incoming president is about trying to save the app.
What is causing the price volatility of Suncity Synthetics Limited (530795) ✌️【High Risk, High Return】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. And with some in Congress now suggesting that TikTok might need more time to find a buyer, Trump could find support in trying to push off the ban to a later date. The law gives the president the option to extend the ban by 90 days, but triggering the extension requires evidence that parties working on purchasing have made significant progress, including binding legal agreements for such a deal — and TikTok’s parent company, ByteDance, hasn’t publicly updated its stance that the app is not for sale.
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.
What is causing the price volatility of Suncity Synthetics Limited (530795) ✌️【High Risk, High Return】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. 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.”
What is causing the price volatility of Suncity Synthetics Limited (530795) ✌️【High Risk, High Return】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. McCourt told 【 - Free Exclusive Group 】 on Thursday that while ByteDance’s bankers have confirmed receipt of his group’s offer, he expected the company was “waiting to hear what the Supreme Court does” before seriously engaging in any acquisition conversations. “But they haven’t told us to go fly a kite,” he said, adding that following the court’s ruling, “I hope we can have a robust conversation.”
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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What is causing the price volatility of Suncity Synthetics Limited (530795) ✌️【High Risk, High Return】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. TikTok’s US assets, without the algorithm, are estimated to be worth between $40 billion and $50 billion, according to Wedbush Securities analyst Dan Ives.
But since the algorithm may be where much of TikTok’s value lies, putting a firm dollar figure on the company is difficult.
What is causing the price volatility of Suncity Synthetics Limited (530795) ✌️【High Risk, High Return】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. McCourt’s group is not saying publicly how much it offered, although the billionairepreviously indicatedhe valued the assets at around $20 billion.
“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.
What is causing the price volatility of Suncity Synthetics Limited (530795) ✌️【High Risk, High Return】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Exclusive Group 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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