TikTok is planning to switch off its app in the U.S. on on Sunday, January 19 unless the ban is blocked by the Supreme Court, The Information’s Sylvia Varnham O’Regan and Kaya Yurieff report. The law only requires app stores to stop TikTok app downloads, so users who have already downloaded TikTok would theoretically still be able to use the app, they write. The Washington Post’s Drew Harwell and Elizabeth Dwoskin reported Wednesday that President-elect Trump is weighing issuance of an executive order to save TikTok from a ban or sale in U.S. law for 60 to 90 days. Publicly traded companies in the social media space include Meta Platforms (META), Alphabet (GOOG) (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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