ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.

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 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.

Morgan Stanley notes recent news reports suggest both President Biden and President-elect Trump are interested in extending the upcoming

CBS reported that the Supreme Court may release opinions regarding the TikTok ban case on its website on January 17, 10 a.m. ET. Although the announcement didn’t specify which case the Court would be releasing opinions on,

The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.

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.

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Tech titans including the leaders of Meta, Amazon, Google, Tesla, TikTok, Apple, Alphabet, and OpenAI are set to attend the formal start of Trump's second term.