TikTok is facing a potential shutdown in the United States unless the Supreme Court steps in to halt the enforcement of a law mandating the app’s sale.
A new law passed by Congress requires TikTok to be sold to a non-Chinese entity by January 19, or it will be forced to stop operating within the U.S. borders.
According to a report by Oxford Economics, TikTok plays a significant role in Utah’s economy. In 2023, the app generated $260 million for the state and supported 2,500 jobs. Additionally, approximately 57,000 businesses in Utah rely on TikTok for marketing and advertising. The study also revealed that small and medium-sized Utah businesses using the platform contributed around $56 million in federal, state, and local tax revenue.
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There is speculation that President-elect Donald Trump, who will take office on January 20, might extend the deadline for TikTok to find a buyer. While Trump had supported a ban on the app during his previous term, he has recently shown interest in keeping the platform active in the U.S.
However, Utah is also involved in a legal battle with TikTok, accusing the platform of enabling the sexual exploitation of minors. The state’s lawsuit is part of ongoing scrutiny over TikTok’s practices.
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