TikTok has announced plans to shut down its U.S. operations by January 19 unless the Supreme Court blocks or delays the enforcement of a law requiring its sale by parent company ByteDance. The case has sparked a debate over free speech and national security, with content creators, users, and TikTok arguing that the law violates the First Amendment. President-elect Donald Trump has requested time to negotiate a resolution, while the Biden administration defends the law, citing national security risks tied to ByteDance's Chinese ownership.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02TikTok has announced plans to shut down its U.S. operations by January 19th unless the
00:06Supreme Court blocks or delays the enforcement of a law requiring its sale by parent company
00:11ByteDance. The case has sparked a debate over free speech and national security,
00:16with content creators, users, and TikTok arguing that the law violates the First Amendment.
00:22President-elect Donald Trump has requested time to negotiate a resolution,
00:25while the Biden administration defends the law,
00:28citing national security risks tied to ByteDance's Chinese ownership.