Although the clock is ticking, pardon the pun, TikTok is not going down without a fight.
Per Bloomberg and Reuters, the video-sharing app and its Chinese parent company, Bytedance, filed a complaint in a Washington federal court on Friday aiming to block the Trump administration’s upcoming ban, which is set to take effect on Sept.
The ban, announced by the Commerce Department earlier that day, will prevent any new downloads or updates to the app in the U.S.
[NFA] U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app. Emer McCarthy reports.
Apple's stock price has ballooned in recent weeks. According to Business Insider the company is on track to be worth more than the entirety of the UK's benchmark share index, the FTSE 100. This week the tech giant became the first US-listed company to reach the $2 trillion mark. According to data from Bloomberg, the FTSE is worth just shy of $2.2 trillion. If Apple's stock rises 7%, it will surpass the FTSE in market capitalization.