The court said that the law did not infringe on free speech, as claimed by ByteDance, and prioritized the national security concerns raised by the US government regarding the app.
The lawmakers argue that it is impossible to complete a sale by next week's deadline, warning the ban would take away the economic and cultural livelihood of 170 million Americans.
TikTok’s China-based parent company, ByteDance, has 9 months to sell the app to a US buyer. Its CEO, Shou Zi Chew, has called it a ‘ban on you and your voice’.
The Republican Governor announced the ban on TikTok in Montana saying that it is done to protect Montanans’ personal and private data from the Chinese Communist Party.
Despite the concerns about its Chinese ownership, TikTok’s ad business is poised to grow 36% to $6.83 billion this year, according to research firm Insider Intelligence.
Nobody is safe in a market where competition is stunted and choice limited. For the industry, meaningful reform will have to start with the government itself.
Data shows re-alignment in India’s exports, with Tamil Nadu & Telangana posting strong growth in 2024-25 as traditional heavyweights Gujarat & Maharashtra see declines. Gujarat still leads, though.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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