• Latest
  • Trending
  • All
  • Market Updates
  • Cryptocurrency
  • Blockchain
  • Investing
  • Commodities
  • Personal Finance
  • Technology
  • Business
  • Real Estate
  • Finance
TikTok ban starts to take effect across US

TikTok ban starts to take effect across US

January 19, 2025
Bitcoin ATMs reprise a painful history in finance

Bitcoin ATMs reprise a painful history in finance

September 5, 2025
3 Days Left to Lock In Your Exhibitor Spot at TechCrunch Disrupt 2025

Your last chance to exhibit at Disrupt 2025 is today

September 5, 2025
The 7 coolest gadgets I’ve seen at IFA 2025 (including ones you can actually buy)

The 7 coolest gadgets I’ve seen at IFA 2025 (including ones you can actually buy)

September 5, 2025
Soft Manager – Trading Ideas – 5 August 2025

Instructions and recommendations for using the Neuro Future indicator – My Trading – 5 September 2025

September 5, 2025
Stocks making the biggest moves midday: AVGO, NX, LULU

Stocks making the biggest moves midday: AVGO, NX, LULU

September 5, 2025
European equity close: Soft start to September

European equity close: Soft start to September

September 5, 2025
Earth’ Episode 5 Should Have Been The Season’s Best, But Instead It Was Unbearably Stupid

Earth’ Episode 5 Should Have Been The Season’s Best, But Instead It Was Unbearably Stupid

September 5, 2025
Stock markets feel the recession pinch. Why the thinking about the economy is changin

Stock markets feel the recession pinch. Why the thinking about the economy is changin

September 5, 2025
$3.38B in Bitcoin Options Expiry Raises Concerns of Volatility

$3.38B in Bitcoin Options Expiry Raises Concerns of Volatility

September 5, 2025
Kazakhstan’s AFSA To Adopt Stablecoins for Regulatory Fees

Kazakhstan’s AFSA To Adopt Stablecoins for Regulatory Fees

September 5, 2025
Active funds struggle ‘mightily’ to beat index funds: Morningstar

Active funds struggle ‘mightily’ to beat index funds: Morningstar

September 5, 2025
How To Get Free Instacart Groceries

How To Get Free Instacart Groceries

September 5, 2025
Friday, September 5, 2025
No Result
View All Result
InvestorNewsToday.com
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech
InvestorNewsToday.com
No Result
View All Result
Home Cryptocurrency

TikTok ban starts to take effect across US

by Investor News Today
January 19, 2025
in Cryptocurrency
0
TikTok ban starts to take effect across US
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Keep knowledgeable with free updates

Merely signal as much as the Know-how sector myFT Digest — delivered on to your inbox.

A ban on TikTok has taken impact for a few of its 170mn US customers, forward of a midnight deadline requiring its Chinese language guardian firm ByteDance both to promote its stake within the app or face a ban.

In a pop up that appeared in US cities together with San Francisco and New York as customers opened the short-form video app, the corporate wrote: “A regulation banning TikTok has been enacted within the US. Sadly, meaning you’ll be able to’t use TikTok for now.”

It added: “We’re lucky that President Trump has indicated that he’ll work with us on an answer to reinstate TikTok as soon as he takes workplace. Please keep turned!”

TikTok’s video feed was in any other case inaccessible to customers. The app was additionally not showing within the Apple and Google appstores.

Advisable

Montage of a person on a phone and various tech company logos

On Friday, the US Supreme Courtroom upheld a regulation handed by Congress final yr that requires ByteDance to promote the platform or face a nationwide ban on Sunday, spurred by issues the platform might be wielded by Beijing for espionage or to unfold propaganda. TikTok has denied that the Chinese language authorities has any affect over the app.

On Saturday, president-elect Donald Trump stated he would “most certainly” situation a 90-day extension to the deadline when he comes into the White Home on Monday.

Nevertheless, from midnight firms resembling Apple, Google and Oracle are banned from offering providers to distribute or host the video app, or face fines of $5,000 per person. They needed to resolve whether or not to danger violating the regulation between the midnight deadline and Trump’s inauguration on Monday.

Late on Friday, TikTok stated that statements from the White Home in addition to from the Division of Justice had “failed to offer the required readability and assurance to the service suppliers which are integral to sustaining TikTok’s availability” within the US, and that with out “a definitive assertion to fulfill essentially the most essential service suppliers assuring non-enforcement, TikTok can be compelled to go darkish on January 19”.

White Home press secretary Karine Jean-Pierre on Saturday stated in an announcement there was “no motive for TikTok or different firms to take actions within the subsequent few days earlier than the Trump administration takes workplace on Monday”.

The shutdown caps per week through which TikTok and ByteDance executives have tried to hash out a plan to keep away from closure, in accordance with a number of folks accustomed to the matter.

On Friday, Trump stated he had spoken to President Xi Jinping and mentioned TikTok with the Chinese language chief. Chinese language state media stated the 2 leaders had spoken however didn’t specify if TikTok was a part of the dialog.

TikTok has stated {that a} spin-off was not technologically possible within the timeframe, whereas Beijing has beforehand indicated that it will oppose any sale. 

As an alternative, the corporate had pinned its hopes on Trump, who throughout his marketing campaign promised to “save” TikTok. The president-elect’s curiosity within the app is available in half after he used the platform throughout final yr’s election marketing campaign to interact with younger voters.

The uncertainty has prompted chaos inside the corporate itself. Within the days main as much as the vote, the corporate rushed to reassure US workers that they’d nonetheless have jobs and proceed to be paid even when the app was shut down, in accordance with three folks with data of the scenario. 

In the meantime, entrepreneurs are diverting promoting spending away from the platform. One media purchaser stated that that they had paused all their spending on the platform within the US. Nevertheless, TikTok was nonetheless encouraging them to spend their finances on the platform in different markets, the individual stated.

“It’s very messy and whereas individuals are not shocked, it was actually not possible to plan for,” stated the top of one other huge promoting company. 

Further reporting by Zijing Wu in Hong Kong



Source link

Tags: BaneffectstartsTikTok
Share196Tweet123
Previous Post

self-storage groups find room for expansion

Next Post

Stocks making the biggest moves premarket: KBH, SIG, Teladoc, APLD

Investor News Today

Investor News Today

Next Post
Stocks making the biggest moves premarket: KBH, SIG, Teladoc, APLD

Stocks making the biggest moves premarket: KBH, SIG, Teladoc, APLD

  • Trending
  • Comments
  • Latest
The human harbor: Navigating identity and meaning in the AI age

The human harbor: Navigating identity and meaning in the AI age

July 14, 2025
Private equity groups prepare to offload Ensemble Health for up to $12bn

Private equity groups prepare to offload Ensemble Health for up to $12bn

May 16, 2025
Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

February 5, 2025
Niels Troost has a staggering story to tell about how he got sanctioned

Niels Troost has a staggering story to tell about how he got sanctioned

December 14, 2024
Why America’s economy is soaring ahead of its rivals

Why America’s economy is soaring ahead of its rivals

0
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

0
Nato chief Mark Rutte’s warning to Trump

Nato chief Mark Rutte’s warning to Trump

0
Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

0
Bitcoin ATMs reprise a painful history in finance

Bitcoin ATMs reprise a painful history in finance

September 5, 2025
3 Days Left to Lock In Your Exhibitor Spot at TechCrunch Disrupt 2025

Your last chance to exhibit at Disrupt 2025 is today

September 5, 2025
The 7 coolest gadgets I’ve seen at IFA 2025 (including ones you can actually buy)

The 7 coolest gadgets I’ve seen at IFA 2025 (including ones you can actually buy)

September 5, 2025
Soft Manager – Trading Ideas – 5 August 2025

Instructions and recommendations for using the Neuro Future indicator – My Trading – 5 September 2025

September 5, 2025

Live Prices

© 2024 Investor News Today

No Result
View All Result
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech

© 2024 Investor News Today