By the end of 2024, TikTok has generated approximately $8 billion in ad revenue in the U.S. As revealed by Omdia's Senior Research Director María Rua Aguete at a Content Americas panel, it surpassed 1.
Potential TikTok buyers are lining up as President Trump and the Chinese government show heightened interest in striking a deal to sell the popular video-sharing platform in the face of a U.S.
The Supreme Court has unanimously upheld the federal law banning TikTok beginning Sunday unless it’s sold by its China-based parent company.
TikTok, ByteDance and several users of the app sued to halt the ban, arguing it would suppress free speech for the millions of Americans who use the platform.
With the ban upheld by the Supreme Court and the Biden administration leaving, TikTok CEO Shou Zi Chew is banking on Trump to save the app in the US.
The Supreme Court said it may announce opinions on Friday, a last-minute addition that comes just two days before a law that would ban TikTok is set to go into effect.
TikTok CEO Shou Chew on Friday thanked President-elect Donald Trump for supporting the company's efforts to remain available to U.S. users. In a video posted to TikTok, his first public statement since the Supreme Court upheld a law banning the app just hours earlier, Chew praised Trump's recent support.
TikTok CEO Shou Zi Chew, in a video message posted to the platform after the Supreme Court ruling upholding the U.S. law that threatens to ban the app, thanked President-elect Trump for his support in trying to find a workable outcome to keep the app legal.
The U.S. Supreme Court heard oral arguments last Friday from TikTok, which claims the ban is a breach of American's First Amendment rights. And after more than a week, the court handed down its decision to uphold law that could ban TikTok in the U.S.
Political shifts and legal hurdles have delayed TikTok's removal, with Biden reportedly kicking the issue to Trump.
US Supreme Court Upholds Tiktok Ban. Can Trump Keep it Going? | Vantage With Palki Sharma | N18G The US Supreme Court on Friday upheld a law that will ban TikTok in the United States, potentially denying the video-sharing app to 170 million users in two days.