ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

The popular platform could be banned on Jan. 19 under a federal law, while many parties have expressed interest in buying the asset.

TikTok plans to cease operations in the United States on Sunday unless President Joe Biden intervenes before he leaves office one day later.

The Supreme Court’s ruling represents the end of TikTok’s legal fight for survival. Its faint hopes now rest on a political solution. Donald Trump, who is due to become president on January 20th, the day after TikTok’s banishment,

An approaching TikTok ban will impact millions of people who rely on the app for their livelihood. On Friday, the Supreme Court upheld the federal law banning TikTok unless it’s sold by its China-based parent company, as reported by The Associated Press (AP).

Chinese merchants on TikTok are taking precautionary measures to prepare for a looming ban of the short-video app in the United States, including switching to competing platforms and focusing on other overseas markets.

Citing national security, the Supreme Court rules that TikTok can be banned if its Chinese parent company ByteDance does not sell the app by Sunday.

The clock is ticking down on TikTok in America. A law that requires TikTok to find a new, non-Chinese owner or face a ban is scheduled to go into effect Sunday - and there is little indication the company is set to pull off a sale before then.

TikTok’s time will expire on Jan. 19 if no buyer is found or the Supreme Court rules in the app’s favor. Here’s what to know.

TikTok plans to cease operations in the United States on Sunday unless President Joe Biden intervenes before he leaves office one day later.

Investors are appraising Trump policies' likely impact on stocks on the last trading day before the inauguration.