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Yahoo Finance

Can Donald Trump 'save TikTok'? The clock is ticking.

Yahoo Finance
Summary
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75% Informative

Congress and President Joe Biden agreed months ago to outlaw TikTok from operating in the US under Chinese ownership.

The law gives the app's Chinese owner, ByteDance , an ultimatum to either sell it to a US owner or have it banned from operations in the country.

Biden set Jan. 19 , a day before Trump is scheduled to be sworn into office, as a deadline for the required divestment.

The company has asked the District of Columbia’s US Court of Appeals to evaluate the constitutionality of the law.