TikTok Files Emergency Injunction to Block U.S. Shutdown as January 19 Deadline Looms
TikTok is seeking an emergency injunction as the January 19th forced-sale deadline approaches, while simultaneously working to bring its case before the Supreme Court. This development comes after a unanimous federal appeals court ruling against the platform last week.
TikTok ban Google search results
Under the Protecting Americans from Foreign Adversary Controlled Applications Act, ByteDance must sell TikTok by January 19th or face a complete shutdown in the United States. While President Biden can extend this deadline by 90 days, his intentions remain unclear.
Several potential buyers have emerged, including:
- Bobby Kotick (former Activision Blizzard CEO) with Sam Altman (OpenAI)
- Bill Ackman (Pershing Square founder)
- Steven Mnuchin (former treasury secretary)
- Frank McCourt's Project Liberty
- Kevin O'Leary (Shark Tank)
Key challenges facing any potential sale:
- TikTok's proprietary algorithms are crucial to its value
- Chinese government approval is unlikely
- Complex logistical hurdles for partial sale
- Data storage considerations
- International account interactions
Content creators are already preparing for a possible shutdown by directing followers to alternative platforms. The impact would extend beyond creators to various industries, particularly the music sector, where indie labels and major platforms would be differently affected.
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