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TikTok, the popular social media platform, announced its plans to fight a new U.S. law that would require it to sever ties with its Chinese owners or face a ban in the United States. The app will continue to function for its American users during this time as President Joe Biden gave it around nine months to find a non-Chinese buyer to continue operating. TikTok intends to challenge the law in court, citing concerns over freedom of expression.
Despite successfully challenging a similar ban under the Trump administration, finding a buyer for TikTok may prove to be a challenging task due to the large resources required. Potential buyers could include large technology companies like Meta, Google, or Microsoft, although they may face regulatory scrutiny for possible monopoly concerns. If TikTok fails to find a buyer within the specified deadline, it may no longer be available on app stores in the United States.
The potential ban on TikTok could benefit Meta and Google, who have launched their own similar platforms. China has expressed support for TikTok in this dispute, fearing the precedent it may set for Chinese companies being forced to sell valuable assets. Amidst this legal battle, TikTok’s future remains uncertain as it navigates through this challenging situation.