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.
After hearing arguments on Friday morning, the U.S. Supreme Court decided to uphold the law, meaning that TikTok will be banned effective if the parent company ByteDance does not sell the company by Sunday.
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.
Some TikTok users broke down in tears and engaged in profanity-laced rants after the Supreme Court upheld a law to ban the social media app if it is not sold.
The U.S. Supreme Court officially upheld the law to ban the TikTok social media app on Friday.
Justices reject the Chinese app’s First Amendment challenge to a federal law against “foreign adversary” control.
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.
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.
And while the “I was for it before I was against it” crowd opposing the ban now stretches from Chuck Schumer to Donald Trump, that doesn’t mean they're right.
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.
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.