Two Democratic lawmakers have urged Congress and President Joe Biden to extend the January 19 deadline for ByteDance, the China-based owner of TikTok, to sell its U.S. assets or face a ban. TikTok, used by 170 million Americans, risks going offline if the ban is enforced.
Noel Francisco, TikTok's legal representative, argued before the Supreme Court that completing the divestiture within a week is impossible. The Biden administration can extend the deadline by 90 days if ByteDance demonstrates substantial progress, but meeting this standard seems unlikely.
Senator Edward Markey proposed legislation to delay the deadline by 270 days, warning that a ban would disrupt a vital platform for cultural and economic connections. "We cannot dismantle a unique ecosystem that supports millions," Markey emphasized.
Representative Ro Khanna also called on Biden to halt the ban, citing risks to free speech and livelihoods. President-elect Donald Trump has requested the court delay implementing the law, suggesting he address the issue politically after taking office on January 20.
If the court does not intervene by Sunday, new TikTok downloads on Apple and Google app stores will be banned. Current users will retain access temporarily, but the app’s services will degrade over time as companies are barred from providing support.
The White House has yet to comment on the situation, leaving TikTok's future in the U.S. uncertain. This ongoing legal and political debate underscores the app's significant impact on American society and the global tech landscape.


PDG Explores $1 Billion Sale of China Data Center Assets
Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand
SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership
Meta Subscription Push Could Add Billions in Recurring Revenue, Says Rosenblatt
Australia Sues 3M for Over A$2 Billion Over PFAS Firefighting Foam Contamination
Morgan Stanley Names Top AI Security and Data Center Stocks for 2026
Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results
DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook
Sable Offshore Wins Key Court Battle Over California Oil Pipeline
Universal Music Group Rejects Pershing Square Takeover Proposal
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target 



