TikTok and its Chinese parent ByteDance have requested that the U.S. Supreme Court block a government ban set to become effective in January, making a late push to keep the social media platform in operation, Bloomberg’s Greg Stohr reports. The late request comes after a federal appeals court upheld a new law blocking use of the app in the U.S. if ByteDance does not sell the platform by January 19, 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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