IBOV 183,282.51 ▼ 1.22% IPSA 11,319.40 ▲ 0.75% IPC MEX 63,507.11 ▼ 1.11% MERVAL 3,046,139 ▲ 0.57% COLCAP 2,510.93 ▼ 0.03% BVL PERÚ 58,965.05 ▲ 0.64% USD/BRL5.15▼ 0.03% USD/MXN17.18▼ 0.36% USD/CLP957.14▲ 0.18% USD/COP3,152▲ 0.96% USD/PEN3.36▲ 0.05% USD/ARS1,510▼ 0.21% USD/UYU40.20▲ 3.11% USD/PYG5,888▲ 2.09% USD/BOB9.75▼ 12.91% USD/DOP58.85— 0.00% USD/CRC444.45▲ 2.53% USD/GTQ7.63▲ 3.11% USD/HNL26.85▲ 3.22% USD/NIO36.62▲ 2.69% USD/VES845.33▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.56% EUR/BRL5.91▼ 0.26% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 183,282.51 ▼ 1.22% IPSA 11,319.40 ▲ 0.75% IPC MEX 63,507.11 ▼ 1.11% MERVAL 3,046,139 ▲ 0.57% COLCAP 2,510.93 ▼ 0.03% BVL PERÚ 58,965.05 ▲ 0.64% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Crypto China

ByteDance Ordered to Sell TikTok or Face U.S. Ban

By · December 6, 2024 · 2 min read

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A U.S. federal appeals court has upheld a law requiring ByteDance to divest its ownership of TikTok or face a ban in the United States.

With a compliance deadline set for January 19, 2025, this ruling puts TikTok’s future at risk for its 170 million American users. A three-judge panel from the D.C. Circuit dismissed TikTok’s legal challenges.

The case involved the Protecting Americans from Foreign Adversary Controlled Applications Act. The judges determined that the law does not infringe on First Amendment rights or equal protection guarantees.

They argued that the law is neutral regarding content and focuses solely on ownership. The U.S. government has labeled TikTok a national security threat.

It claims that the app’s Chinese ownership could enable Beijing to access sensitive user data and manipulate content. The judges acknowledged the government’s concerns, stating that the law is designed to safeguard national security interests.

ByteDance Ordered to Sell TikTok or Face U.S. Ban
ByteDance Ordered to Sell TikTok or Face U.S. Ban.
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If ByteDance cannot find a buyer by the deadline, TikTok will likely become unavailable in the U.S., unless granted a 90-day extension.

This ruling comes just before President-elect Donald Trump takes office on January 20, 2025. Trump’s previous efforts to ban TikTok during his first term complicate potential enforcement under his administration.

The situation reflects broader concerns about data privacy and foreign influence in America. The Chinese National Intelligence Law raises alarms about potential data harvesting by the Chinese government through companies like ByteDance.

While TikTok denies any wrongdoing, it faces mounting pressure to comply with U.S. regulations. The outcome of this legal battle will have significant implications for users and businesses as they navigate an increasingly complex digital landscape.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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