The Trump administration attempted to ban TikTok but was unsuccessful in federal court. This comes after years of growing national security concerns and at a time when relations between Washington and Beijing are degrading. A spokesperson for TikTok, on Wednesday, said that President Biden’s administration gave the company the ultimatum in recent weeks, although a specific deadline was not provided. The United States is renewing its push to force ByteDance-the app’s owner-to divest from its US-facing asset or be banned.
Snap, Pinterest and Meta Platforms recorded healthy gains on Thursday in Wall Street trading thanks to growing regulatory pressure on TikTok, the viral Chinese social media app. Puts TikTok on Official Notice Says ByteDance Spokesperson
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