Categories: Finance and Commerce

Supreme Court leaning toward TikTok shutdown: reports

The law, signed by President Joe Biden last April, received bipartisan support from members of Congress. Some justices appeared concerned it could conflict with free speech rights, but a majority seemed to view it as an effort to regulate a foreign-owned app that can track and collect data on its 170 million American users, CNN reported. Several seemed worried that China could possibly use TikTok data for espionage or blackmail, per The Times. 

Justices heard TikTok’s argument that a federal law requiring its sale by Jan. 19 violates the First Amendment, as well as the U.S. government’s counter that the law addresses a national security risk. A ruling is likely by the end of next week, The New York Times reported.

Trump told CNBC last March he still considered TikTok a threat but that young people “will go crazy without it” and that banning it would empower Facebook, which he said he considers “an enemy of the people.” Following his reelection in November, Trump told the media he had “a warm spot in my heart” for the app, which he used as a way to reach younger voters.

Related

TikTok knew app could harm teens: report

TikTok’s departure from the U.S. would affect more than 7 million Americans who use it to advertise and sell products, according to the app. They stand to lose up to $1.3 billion in revenue per month, TikTok said. 

  • TikTok Shop booming while facing a ban
  • TikTok: Gen Z’s “risky” financial coach
  • Does TikTok’s “no-spend” challenge work?
  • The U.S. Supreme Court on Friday seemed inclined to rule against TikTok, the social media app that faces a ban in the U.S. unless its parent company sells it to a non-Chinese company, media outlets reported.

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    Greg Smith

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    Greg Smith

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