Biden signed a bill in April 2024 stating that if ByteDance does not sell TikTok's U.S. operations by January 19, 2025, it will be banned across the country.
This is a resolution passed by the U.S. Congress in April 2024, justified by the reasoning that TikTok's Chinese parent company is influenced by the Chinese government and may hand over sensitive data of U.S. citizens to Beijing. ByteDance has appealed to the U.S. Supreme Court, claiming that the bill violates freedom of speech.
On January 10, the U.S. Supreme Court held a hearing on the 'ban TikTok without divestment' bill for over 2.5 hours, instantly igniting global public opinion.
If the parent company ByteDance fails to divest its U.S. operations or sell them to a U.S. buyer by January 19, the Apple and Google app stores will be unable to provide downloads, and web hosting will also be cut off, meaning TikTok could be completely removed from the U.S.
Trump will 'ascend' on January 20, 2025, and Musk is one of Trump's closest allies. A deal reached by Musk would have certain appeal for the Chinese government.
Insiders say the Chinese government has discussed having Musk's X social platform control and operate TikTok's operations in the U.S.
The U.S. Supreme Court has ordered ByteDance to sell its U.S. assets of TikTok by the 19th of this month, otherwise it will be banned nationwide. It is reported that the Supreme Court supports the relevant bill.#市场反弹预测