TikTok warns users of 'temporary' outage hours before US ban takes effect

Yahoo Finance01-19

TikTok warned it US users late Saturday that its platform would be "temporarily unavailable" beginning Sunday Jan. 19, to comply with a federal law that effectively bans the app in the US. "We regret ...

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Please stay tuned.\". TikTok users received a warning that the app would go dark \"temporarily\" Saturday ahead of a ban set for Sunday. . Snapchat  could also grab users who would have otherwise would have spent time on TikTok and the advertising dollars that follow. But as Nowak points out, Snap will have to ensure it can keep those TikTok refugees coming back over and over again — like TikTok","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","BK4553":"喜马拉雅资本持仓","META":"Meta Platforms, Inc.","AAPL":"苹果","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1261432733.SGD":"Fidelity World A-ACC-SGD","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","GOOG":"谷歌","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","GOOGL":"谷歌A","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4533":"AQR资本管理(全球第二大对冲基金)","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","SG9999014559.SGD":"United Income Focus Trust Dis SGD","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2191332357.HKD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (HKDHDG) INC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","PINS":"Pinterest, Inc.","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","MACW.SI":"APPLE 3xLongSG261006","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","SNAP":"Snap Inc","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","RDDT":"Reddit","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC"},"translate_title":"TikTok警告用户在美国禁令生效前“暂时”停电数小时","themeId":"d6307af486341d9e2ac21f9e17cd1f89","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"META":1,"PINS":1,"SNAP":0.9,"RDDT":0.9,"GOOGL":0.9,"GOOG":0.9,"AAPL":0.9,"MACW.SI":0.6},"content_text":"TikTok warned it US users late Saturday that its platform would be \"temporarily unavailable\" beginning Sunday Jan. 19, to comply with a federal law that effectively bans the app in the US.\n\"We regret that a U.S. law banning TikTok will take effect on January 19 and force us to make our services temporarily unavailable,\" TikTok's message to users read. \n\"We're working to restore our service in the U.S. as soon as possible, and we appreciate your support. Please stay tuned.\"\n\n\n\n  TikTok users received a warning that the app would go dark \"temporarily\" Saturday ahead of a ban set for Sunday. (Image: Howley)\n \n\n  Howley\n \n\nIn an interview with NBC on Saturday, president-elect Donald Trump said he would likely grant TikTok a 90-day extension to work out a deal with the government and keep the app up and running.\nThe law itself doesn't outright ban TikTok. Rather, it prohibits companies from accessing the platform through app stores like those run by Apple (AAPL) and Google (GOOG, GOOGL) and cloud services unless parent company ByteDance sells itself to an owner that is not controlled by an adversarial country.\nCongress has accused ByteDance of having close ties to the Chinese government and alleges that the Chinese Communist Party could force the company to provide it with information on U.S. users or otherwise spread propaganda on the platform.\nBut the outcry from users and TikTok's backers, has forced Biden and Trump to respond. Even if Trump assures Apple and Google that his administration won't enforce the law, it's not guaranteed that it will do so in the future. And each time the companies don't comply with the law they'll have to pay a fine of $5,000 each time users access the social media app.\n\nTrump will have to either convince Congress to overturn the ban or find some other way to work around it if he wants to keep the service up and running, and neither of those are simple.\nSilicon Valley wins while TikTok loses\nThe biggest winner would also be one of TikTok’s long-term critics, Meta (META) CEO Mark Zuckerberg. In particular, Instagram could see a sizable uptick in advertiser dollars if TikTok bites the dust.\n“In general, it’s a good thing for Meta,” William Blair research analyst Ralph Schackart told Yahoo Finance. “We estimate in a note potentially 60% to 70% of TikTok spend could move to Instagram and it monetizes at around 3x the rate of TikTok.”\nSocial media companies have been chasing TikTok’s formula in an attempt to copy the social media platform’s success for some time. Reddit (RDDT), for example, offers its own short-form video feed that could entice former TikTok users looking for a broader kind of social media site complete with various message boards and communities.\nSnapchat (SNAP) could also grab users who would have otherwise would have spent time on TikTok and the advertising dollars that follow. But as Nowak points out, Snap will have to ensure it can keep those TikTok refugees coming back over and over again — like TikTok does — if it hopes to hold onto that ad revenue.\nPinterest (PINS) also stands to get a boost if TikTok is forced to go dark. While the app doesn’t have much in common with TikTok as far as overall design, it could offer an opportunity for online retailers looking to drum up e-commerce sales, something TikTok has managed to do thanks to its army of influencers.\nIt's now up to Trump and Congress to determine if and how TikTok will continue forward.\n\n\n\n   Sign up for Yahoo Finance's Week in Tech newsletter.\n  \n\n   yahoofinance\n  \n\nAlexis Keenan is a legal reporter for Yahoo Finance. Follow Alexis on X @alexiskweed.\nEmail Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at @DanielHowley.\nClick here for the latest technology news that will impact the stock market\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2504431413"}