China-based ByteDance and its popular social media app TikTok have requested that an appeals court temporarily halt a law that would require ByteDance to divest TikTok by January 19 or face a ban in the U.S., pending an examination by the U.S. Supreme Court, Reuters’ David Shepardson reports. The companies filed the emergency motion with the U.S. Court of Appeals for the District of Columbia, claiming that without the order the law will take effect and shut down the short-video app, the author notes. Publicly traded companies in the social media space that compete with TikTok include Meta Platforms (META), Alphabet (GOOG) (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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