TikTok plans to shut down in US on Sunday: reports
FOX Business’ Lydia Hu joins ‘Varney & Co.’ To report on the latest news from the TikTok ban as users and creators prepare for a possible ban.
Tik Tok is reportedly preparing to shut down America’s favorite video app this weekend, barring any last-minute blackouts or intrusions. Supreme Court.
Many outlets have reported that Tik Tok is owned Bait Dance based in ChinaThe company is planning to pull back “immediately” on American jobs on Sunday, the day the company was required to close due to a law passed by Congress last year.
Last year, Congress passed a law that would have forced China-based ByteDance, a popular short-form video app, to remove TikTok or face a ban in the United States. (Reuters/Dado Ruvic/File Photo/Reuters)
The law gives TikTok nine months to either withdraw from ByteDance or be removed from US-based app stores and hosting services. Users who have downloaded Tik Tok can theoretically still use the app, but as of Sunday, the law prohibits US companies from providing services that enable its distribution, maintenance or updates.
The US Supreme Court is deciding whether to uphold the law and ban TikTok on Sunday, giving the court more time to decide whether to overturn or suspend the law.
The CEO of TikTok will attend the launch with a front row seat at Trump’s invitation
The Washington Post reports that President-elect Trump is considering issuing an executive order to suspend enforcement for 60 to 90 days a day after the ban begins.
Sen. Rand Paul, R-Ky., joins ‘Maria Batiromo’s Wall Street’ for a wide-ranging interview.
Trump’s national security adviser: “TikTok itself is a fantastic platform” Mike Waltz told Fox News. Wednesday. “We need a way to keep up but protect people’s data.”
The New York Times reported separately that the TikTok CEO was invited to attend the inauguration of the president-elect and sit in a “seat of honor.”
TikTok ban: What social media apps are showing up in app stores
A White House official told Reuters on Wednesday that President Biden has no plans to block the ban in his final term unless the Supreme Court acts, adding that Biden cannot legally intervene if there is no credible plan to dismantle ByteDance’s TikTok.
However, an NBC report later said the Biden administration was weighing options to make the social media platform available to users after Sunday to defer a decision to Trump, who will be inaugurated on Monday.
“Americans shouldn’t expect to see TikTok suddenly banned on Sunday,” an administration official told the network.
Kevin O’Leary, chairman of O’Leary Ventures, responded to the latest developments in the California wildfires, the potential sale of TikTok and his recent meeting with President Trump at Mar-a-Lago.
If Tik Tok is banned, users who try to open the app will see a pop-up message that directs them to a website with information about the ban, sources familiar with the situation told Reuters on condition of anonymity because the matter is not public.
Get FOX BUSINESS on the go by clicking here
TikTok lawyer Noel Francisco told the Supreme Court last week, “We’re going dark. Basically, the platform is going to shut down.
The company also plans to provide an option to download all of their data so that they can save their personal information, the sources said.
Reuters contributed to this report.