Apple,Google Instructed To Dump TikTok

Lawmakers advise Google and Apple executives to be ready to abide by a law that might effectively ban TikTok in the United States.

Social Network TikTok Launches NFTs on Ethereum

A law requiring China’s ByteDance to divest TikTok by January was upheld by the Court of Appeal.  Apple and Google will be legally obligated to ensure their platforms no longer support  TikTok in the United States.

The lawmakers wrote in their letters that it is illegal to “provide services to distribute, maintain, or update such foreign adversary controlled application (including any source code of such application) using a marketplace (including an online mobile application store) through which users within the land or maritime borders of the United States may access, maintain, or update such application” if a qualified divestiture is not carried out.

TikTok’s request to temporarily stop the law’s January implementation was denied by the appeals court.

The lawmakers also addressed the court decision in a letter to Shou Zi Chew, TikTok’s CEO. They asserted that Congress had given TikTok adequate time to comply with the law passed by President Joe Biden in April. TikTok has had 233 days and counting to come up with a solution,” the legislators wrote. “.

A three-judge panel on the appeals court rejected TikTok’s claim that the law violates the First Amendment rights of its 170 million users and is unconstitutional, stating in an opinion that the law “is narrowly tailored to protect national security.”

TikTok warned that a U.S. prohibition would lead to $11.3 billion loss in sales and profits by small businesses and social media creators in the world’s largest economy/

President-elect Donald Trump has not disclosed if he intends to implement the TikTok ban. Trump attempted to enact a ban during his first term, but after the president-elect met with billionaire Jeff Yass in February—a Republican mega-donor and significant investor in the Chinese-owned social media platform—his rhetoric on TikTok started to change.

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Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
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