In an order issued Wednesday, the Supreme Court announced it will hold oral arguments on Jan. 10 on TikTok’s bid to invalidate the law requiring them to divest from their Chinese parent company or face being banned in the U.S. TikTok filed an emergency application asking the high court to delay a Jan. 19 divest-or-ban deadline and the court opted to move the emergency appeal to its normal docket to immediately take up the case in full. 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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