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TikTok announced that it will cease its U.S. operations on January 19, 2025, unless the Supreme Court intervenes to stop or postpone the order demanding ByteDance to give up ownership, indicating they will not be selling the company in the U.S. at this time.
The legislation, enacted in April 2024, addresses national issues, and the Court will determine if these issues take precedence over free speech rights.
TikTok has announced it will cease operations in the US on January 19 unless the Supreme Court overturns or delays the legislation mandating its sale.
“Absent such relief, the Act will take effect on January 19, 2025,” TikTok said in a Dec. 9 legal filing. “That would shut down TikTok—one of the Nation’s most popular speech platforms for its more than 170 million domestic monthly users on the eve of a presidential inauguration.”
Meanwhile, several entrepreneurs have launched a bid to purchase TikTok, including Shark Tank‘s Kevin O’Leary.
“This isn’t just about buying TikTok’s U.S. assets,” he wrote in a Jan. 6 message on X, formerly Twitter. “It’s about something much bigger: protecting the privacy of 170 million American users.”
O’Leary continued, “It’s about empowering creators and small businesses. And it’s about building a platform that prioritizes PEOPLE over algorithms. TikTok has immense potential, not just as a tool for creators but as a driver of meaningful economic and social impact.”
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