
Social media giant TikTok may find a new path forward, despite facing a federal ban signed by President Biden in April. The legislation requires Chinese-owned ByteDance to sell TikTok within nine months or face a US ban by January 19, 2025.
Recent developments suggest shifting dynamics around the platform’s future. The key factor is opposition to giving Meta a larger market share, with critics arguing a TikTok ban would mainly benefit Facebook’s parent company.
If ByteDance secures a 90-day extension on the sale deadline, the platform’s fate could extend beyond the current timeline into early 2025.