TikTok Faces Potential Lifeline: 270-Day Extension to Negotiate Sale

"TikTok Deadline Act" aims to provide TikTok with 270 additional days
Matilda
TikTok Faces Potential Lifeline: 270-Day Extension to Negotiate Sale
The imminent ban of TikTok in the United States may be facing a temporary reprieve. Senator Ed Markey (D-MA) has introduced the "Extend the TikTok Deadline Act," aiming to grant the popular video-sharing platform an additional 270 days to finalize a divestiture from its Chinese parent company, ByteDance. This move comes as TikTok awaits a crucial Supreme Court decision regarding the constitutionality of the "Protecting Americans from Foreign Adversary Controlled Applications Act," which mandates the app's removal from US app stores. This initial legislation, passed by Congress, set a January 19th deadline for ByteDance to divest its US operations or face a complete ban. A Temporary Stay of Execution Senator Markey's proposed bill does not seek to overturn the existing law. Instead, it aims to provide TikTok with a crucial window of opportunity to negotiate a sale. With the Supreme Court ruling imminent and legal options dwindling, this extension could be a lif…