Supreme court to hear TikTok's plea against forced sale

Investing.com -- The U.S. Supreme Court has decided to hear a plea by TikTok and its China-based parent company, ByteDance, against a law that could force the sale of the short-video app by January 19. The law was designed with national security concerns in mind.

TikTok and ByteDance, along with some of its users who create content on the platform, had requested an emergency injunction to stop the impending ban. However, the justices have decided not to take immediate action on this request. Instead, they plan to listen to arguments about the issue on January 10.

This plea is in response to a lower court ruling that supported the law. TikTok, a popular platform for sharing short videos, is used by approximately 170 million Americans. The outcome of the Supreme Court's decision could have significant implications for the app's future in the U.S. market.

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Source: Investing.com