DNVN - On December 9, ByteDance, the company that owns TikTok, filed an emergency petition with the US Court of Appeals for the District of Columbia, asking to temporarily suspend a law that could require the company to divest from TikTok in the US by January 19, 2025.
TikTok icon on mobile phone screen. Photo: THX/TTXVN
According to regulations, if TikTok does not separate from ByteDance, it will face the risk of being completely banned in the US, causing huge financial losses and negative impacts on businesses that depend on this platform.
ByteDance said in the filing that the ban would potentially affect TikTok’s more than 170 million monthly users in the U.S. The lawsuit also argued that shutting down TikTok would not only reduce ByteDance’s value but also harm hundreds of U.S. businesses that use the platform to generate revenue.
The company has asked the court to rule by December 16. Without a stay, the law would go into effect on January 19, just before President-elect Donald Trump is sworn in, making TikTok’s future in the US even more uncertain.
Trump tried unsuccessfully to ban TikTok in 2020, but during the campaign he expressed his opposition to removing the platform from the US.
Trump's new national security adviser, Mike Waltz, said: "The president wants to save TikTok, but he also needs to protect the data of the American people." This statement opens up hope for ByteDance to maintain TikTok's operations in the US if the ban is adjusted.
The TikTok ban was designed to prevent foreign-owned apps, especially those from China, from collecting data from American users. The ban, if implemented, would not only disrupt maintenance and update services from hundreds of American providers but also negatively impact users globally.
To counter, TikTok has hired veteran lawyer Noel Francisco, who served as attorney general under Trump, to represent it. Francisco, known for successfully defending the ban on entry from six Muslim-majority countries, is expected to give ByteDance the legal upper hand in the dispute.
With just six weeks before the law takes effect, attention is focused on the appeals court’s ruling and the possibility that the Supreme Court could intervene. The US Justice Department has also asked the court to deny ByteDance’s request to avoid delaying the legal process.
A three-judge panel of the Court of Appeals on December 6 reaffirmed that ByteDance must divest TikTok in the US by next year or face a ban within weeks.
If this law is implemented, TikTok will not only suffer heavy financial losses but also risk creating an unfavorable precedent for other foreign-owned apps in the US. On the contrary, if Mr. Trump intervenes promptly, TikTok could escape, opening up opportunities to adjust technology policies between the US and China.
Ganoderma (t/h)
Source: https://doanhnghiepvn.vn/cong-nghe/bytedance-va-tiktok-yeu-cau-toa-phuc-tham-my-hoan-thi-hanh-lenh-cam/20241210101638083
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