TikTok and its corporate parent, ByteDance, filed a lawsuit in federal court Tuesday seeking to block a U.S. law mandating that the social media platform be sold to a company without ties to the Chinese Communist Party. President Biden signed a bipartisan bill ordering ByteDance to sell TikTok to an appropriate company by Jan. 19, 2025. The lawsuit argues that such a divestiture cannot happen, noting the Chinese government's own demands relating to TikTok.
Make no mistake – this is a ban on TikTok," Chew said, emphasizing that TikTok would continue to operate as the company challenges the restrictions. GET FOX BUSINESS ON THE GO BY CLICKING HERE The legislation allows for Biden to extend the Jan. 19 deadline by three months.
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