Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Top Senate Republican urges Supreme Court to reject TikTok appeal

by
December 18, 2024
in Stock
0
Top Senate Republican urges Supreme Court to reject TikTok appeal

By David Shepardson

WASHINGTON (Reuters) – Top Senate Republican Mitch McConnell on Wednesday urged the U.S. Supreme Court to reject a bid by TikTok and its China-based parent company ByteDance to block a law intended to force the sale of the short-video app by Jan. 19 or face a ban on national security grounds.

The court has scheduled arguments on the case for Jan. 10.

McConnell in a brief filed with the court called the companies’ arguments “meritless and unsound… This is a standard litigation play at the end of one administration, with a petitioner hoping that the next administration will provide a stay of execution. This court should no more countenance it coming from foreign adversaries than it does from hardened criminals.”

McConnell noted Congress set the Jan. 19 date that “very clearly removes any possible political uncertainty in the execution of the law by cabining it to an administration that was deeply supportive of the bill’s goals.”

TikTok did not immediately comment. The company noted in legal filings that President-elect Donald Trump has said he does not want TikTok banned.

The American Civil Liberties Union, Electronic Frontier Foundation and Knight First Amendment Institute at Columbia University in a joint filing urged the court to block a ban of TikTok “that millions use every day to communicate, learn about the world, and express themselves.”

The groups called the ban unprecedented, adding it “will cause an extraordinary disruption in Americans’ ability to engage.”

New downloads of TikTok on Apple (NASDAQ:AAPL) or Google (NASDAQ:GOOGL) app stores would be banned but existing users could continue to access TikTok but services would degrade over time and eventually stop working as companies will be barred from providing support.

TikTok said in a court filing this week it estimates one-third of the 170 million Americans using TikTok would stop accessing the app if the ban lasts a month.

This post appeared first on investing.com
Previous Post

Quantum stock soars on new file system client

Next Post

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.93%

Next Post
Mexico stocks lower at close of trade; S&P/BMV IPC down 0.93%

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.93%

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Trump wants to visit China again after he takes office: report

    Trump wants to visit China again after he takes office: report

    January 19, 2025
    Trump inauguration: Who is expected to attend, and who is boycotting?

    Trump inauguration: Who is expected to attend, and who is boycotting?

    January 19, 2025
    The Best Five Sectors, #3

    The Best Five Sectors, #3

    January 19, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • Trump wants to visit China again after he takes office: report
    • Trump inauguration: Who is expected to attend, and who is boycotting?
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved