On Tuesday, a U.S. appeals court established an expedited timeline to address legal challenges related to a recent law mandating that China-based ByteDance divest TikTok’s U.S. assets by January 19 or risk a ban, David Shepardson of Reuters reported yesterday. The U.S. Court of Appeals for the District of Columbia scheduled oral arguments for September after TikTok, ByteDance, and a coalition of TikTok content creators, in collaboration with the Justice Department, requested an accelerated hearing earlier this month. Publicly traded companies in the space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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