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Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Free real-time market data to help you quickly recover and avoid losses. Late Saturday night,TikTok became unusablefor Americans, who were met with a message saying the app was offline and asking users to “stay tuned.”
“A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can’t use TikTok for now,”the message read in part. The app was also unavailable on the Apple and Google Play stores, along with Lemon8 and CapCut, which are also owned by TikTok’s parent company, ByteDance.
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But while the super-popular video app has gone dark, the decision to turn off TikTok may not be final.
President-elect Donald Trump toldNBC Newson Saturday he will “most likely” delay the ban on TikTok for 90 days after he takes office on Monday. And Trump said the announcement could come on his first day in office.
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Free break-even services with professional advisors to help you quickly recover and avoid losses, achieving steady growth. Such an announcement could serve as a kind of immediate political victory for Trump with America’s youth. Although Trump supported a TikTok ban in his first term as president, he has recently said he wants to keep the app alive —posting on Truth SocialSunday morning: “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. The Supreme Courtupheldthe law on Friday.
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. TikTok appealed to Trump in its pop-up message on the app starting late Saturday night notifying users that the app was unavailable in the United States.
“We are fortunate that President Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office,” the company posted in its pop-up message. “Please stay tuned!”
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. And TikTok CEO Shou Chew also lauded Trump in a video responding to the company’s Supreme Court loss on Friday, saying, “we are grateful and pleased to have the support of a president who truly understands our platform, one who has used TikTok to express his own thoughts and perspectives, connecting with the world and generating more than 60 billion views of his content in the process.”
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“I have a warm spot in my heart for TikTok,” Trump said, then claiming to have won the youth vote by a significant margin. “And there are those that say that TikTok had something to do with it.”
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. The law banning TikTok passed with strong bipartisan support in Congress, citing national security concerns. Although aPew Research Center Surveyin 2023 found about half of Americans supported the ban, it has consistently proven unpopular with younger generations.
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. With an executive order, Trump could delay enforcement of the ban for 90 days to give TikTok parent company ByteDance more time to find an American owner. That could be welcome news to TikTok’s technology partners, including Oracle, which hosts TikTok’s content in the United States, and Apple and Google, which host the app on their app stores. Under the law, those companies could face penalties of up to $5,000 per person who has access to TikTok once the ban is in place starting Sunday.
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Expert predictions of stock trends to help you select stocks accurately, achieve stable growth, and quickly recover from losses. The app going dark marks the realization of a yearslong effort to block US access to TikTok over national security concerns related to its China-based owner ByteDance. Outgoing President Joe Biden signeda law last Aprilthat gave ByteDance 270 days to sell TikTok to an owner from the United States or one of its allies or face a ban.
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. So even if Trump pledges to reverse the ban, he can’t simply undo a law passed by Congress and signed by a president with an executive order. Trump could pledge not to enforce the ban, but that means the Oracles, Apples and Googles of the world will be taking on an enormous risk — they’ll still be breaking the law, even if they are given guarantees that they won’t be punished for it.
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For example,Apple released a statementSunday that cited the ban as its reason for removing TikTok from its app store. It noted the app will remain available for customers who already downloaded it, but it won’t be able to be redownloaded if deleted.
“Apple is obligated to follow the laws in the jurisdictions where it operates,” the company said in its statement. “Pursuant to the Protecting Americans from Foreign Adversary Controlled Applications Act, apps developed by ByteDance Ltd. and its subsidiaries — including TikTok, CapCut, Lemon8, and others — will no longer be available for download or updates on the App Store for users in the United States starting January 19, 2025.”
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ByteDance, however, has long been adamant that it has no intention of selling. TikTok’s near-magical algorithm, keeping users 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.
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. McCourt’s buyer group has said it would buy TikTok’s US assets without the algorithm and rebuild the app, but tech giants like Meta and YouTube have for years worked to replicate TikTok’s popular algorithm without quite succeeding. O’Leary told 【 - Free Exclusive Group 】 he met with Trump at Mar-a-Lago earlier this month to discuss the outlook for the app.
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Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. Musk may have the resources to buy the app, and he’s a major Trump supporter and about to take a quasi-role in his government. But it’s unclear that he would want to, and he has not publicly commented on the reports.
If ByteDance chooses to engage, Trump could perhaps argue that significant progress has been made on a deal — a legal threshold that would legally permit Trump to reverse the ban to allow the sale process to commence.
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. That’s only a temporary measure, though. The sale would ultimately need to go through. Until then, TikTok’s future will remain very much in doubt.
Strong Medium Term Portfolio ✌️【Profit Maximization】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. 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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