TikTok CEO Shou Zi Chew thanked Donald Trump for his commitment to "finding a solution" that keeps TikTok available in the U.S. after the ruling.
The looming TikTok ban presents a multibillion-dollar headache for app store operators Apple and Google – as well as other Big Tech giants like Microsoft and Amazon that count its Chinese parent company ByteDance as a business partner.
The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.
The platform is in need of saving in the United States, where approximately 170 million people have TikTok accounts. On Friday, the U.S. Supreme Court upheld a federal law that will ban the platform on Jan. 19 unless TikTok’s China-based owner ByteDance divests its U.S. operations.
Morgan Stanley notes recent news reports suggest both President Biden and President-elect Trump are interested in extending the upcoming
Morgan Stanley analyst Brian Nowak maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $280.00.Stay
Chinese merchants on TikTok are taking precautionary measures to prepare for a looming ban of the short-video app in the United States, including switching to competing platforms and focusing on other overseas markets.
“A few months ago I returned some stuff to Amazon, they refunded my money, everything was great. Fast forward three months, and all of a sudden, the money is getting taken out of my bank account again. They said that I didn’t send back the actual item that I sent something else back, which wasn’t true,” Azzolini explains.
The social media platform is days away from a shutdown — and users are scrambling to find new homes for their content.
Get it from Amazon for $24.99+ (available in five styles). This toothbrush is also formulated with nano-silver, which may help kill off microbes left on the bristles.
TikTik is set to go dark at midnight on Sunday — these are the people and companies who could buy the popular platform before (or after) that happens.