Supreme Court upholds TikTok ban
Posted: Jan 17, 2025
- TikTok's parent company ByteDance is required to divest from the app, leading to a potential ban
- The Supreme Court upheld the law, finding it does not violate the First Amendment
- The Biden administration plans not to enforce the law before the inauguration, leaving it up to Trump
- The law gave ByteDance 270 days to divest from the app or face a ban from U.S. app stores
- TikTok argued against divestment, citing First Amendment concerns
- Trump urged the courts to delay the deadline, but the court acted quickly
- TikTok's CEO will attend Trump's inauguration, and Trump may sign an executive order to circumvent the ban
- Senate Minority Leader Chuck Schumer called for postponing the deadline
- The law will make TikTok unworkable by blocking app stores from distributing the app or providing updates
- ByteDance may reverse course and divest, with investors expressing interest in buying TikTok
What do people on Reddit think?
🚨 Reddit sentiment: mixed - Comments reflect mixed feelings with some users being cautious about $META, seeing opportunities for $DUOL, and concerns over legal issues for corporations, offset by uncertainty regarding actual benefits and skepticism about TikTok's impact. Summarized comments: - Sold $META calls on the morning pump, indicating potential traders' caution or anticipation of stock movement being priced in - The ban could benefit $DUOL as Gen Z is downloading language-learning apps like Duolingo - Corporations such as Apple and Google are likely to comply with the ban due to potential legal liabilities - A joke about TikTok's impact on brain activity, indicating skepticism or negative sentiment on its content - Some users believe that TikTok users may not shift to Meta platforms, suggesting uncertainty about direct benefits for $META - AIPAC is mentioned, indicating geopolitical implications of the ban Stock tickers discussed: $META, $DUOL
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