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01-17

US government is a joke!

Biden Decides Not To Enforce Looming TikTok Ban

2024-08-12

In short term probably they can increase their revenue/profit, but in long term it's risky. I'm a Shopee seller and I know many sellers have left or plan to leave Shopee because of their high commission rate and stricter rules and regulations.

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leaves office, according to a US official.</p><p>The official indicated that Biden, 82, has decided to pass the buck to President-elect Donald Trump, according to the Associated Press, leaving the implementation of the law targeting the Chinese-owned social media app up to the incoming administration.</p><p>The law, which cleared both chambers of Congress and was approved by the president last year, compels TikTok’s parent company, ByteDance, to divest itself from the social media app by Jan. 19 or face a US ban.</p><p>TikTok — used by more than 170 million Americans monthly — is reportedly planning to shut down the app on Sunday.</p><p>Trump, who has repeatedly expressed a desire to “save” TikTok, is reportedly considering executive action that would delay the implementation of the sell-or-ban law of the ban for up to 90 days.</p><p>“We will put measures in place to keep TikTok from going dark,” incoming White House national security adviser Mike Waltz told Fox News on Thursday, noting that the new law allows for an extension preventing it from taking effect “as long as a viable deal is on the table.” </p><p>Earlier this month, the Supreme Court agreed to hear and fast-track a case filed by TikTok challenging the law. </p><p>During oral arguments last week, lawyers for the social media platform argued that the Protecting Americans from Foreign Adversary Controlled Applications Act violates TikTok’s free speech rights under the First Amendment.</p><p>The law has cleared both chambers of Congress and was approved by Biden last year.Bonnie Cash/UPI/Shutterstock</p><p>Supporters of the TikTok ban argue that under the social media app’s current ownership, the Chinese Communist Party has access to the personal data of US-based users and could weaponize the app against Americans at a moment’s notice. </p><p>The high court could issue its ruling in the case on Friday. </p><p>All nine justices, however, appeared skeptical that the new law’s potential threats to free speech outweighed the national security concerns posed by the social media app. </p><p>Trump’s incoming solicitor general, John Sauer, filed a brief in the case last month asking the justices to delay the law from taking effect until after the president-elect assumes office, arguing that the matter could be redressed “through political means.”</p><p>Trump has mentioned that he has expressed a desire to “save” TikTok by possibly implementing an executive action that would delay the sell-or-ban law of the ban for up to 90 days.Getty Images</p><p>TikTok CEO Shou Zi Chew, who visited Trump’s Mar-a-Lago resort last month as part of his bid to avert the ban, is planning to attend the president-elect’s inauguration ceremony on Monday. </p><p>Chew is expected to be joined on the dais outside the Capitol Building by several tech moguls, including X boss Elon Musk, Meta founder Mark Zuckerberg, Apple CEO Tim Cook and Amazon founder Jeff Bezos.</p><p>The White House did not immediately respond to 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class=\"title\">\nBiden Decides Not To Enforce Looming TikTok Ban\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-17 15:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://nypost.com/2025/01/16/us-news/biden-decides-not-to-enforce-looming-tiktok-ban-leaving-chinese-apps-fate-up-to-trump-as-he-returns-to-white-house/><strong>New York Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Biden will not enforce a law banning TikTok that is set to take effect the day before he leaves office, according to a US official.The official indicated that Biden, 82, has decided to pass ...</p>\n\n<a href=\"https://nypost.com/2025/01/16/us-news/biden-decides-not-to-enforce-looming-tiktok-ban-leaving-chinese-apps-fate-up-to-trump-as-he-returns-to-white-house/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc","META":"Meta Platforms, Inc."},"source_url":"https://nypost.com/2025/01/16/us-news/biden-decides-not-to-enforce-looming-tiktok-ban-leaving-chinese-apps-fate-up-to-trump-as-he-returns-to-white-house/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161805758","content_text":"President Biden will not enforce a law banning TikTok that is set to take effect the day before he leaves office, according to a US official.The official indicated that Biden, 82, has decided to pass the buck to President-elect Donald Trump, according to the Associated Press, leaving the implementation of the law targeting the Chinese-owned social media app up to the incoming administration.The law, which cleared both chambers of Congress and was approved by the president last year, compels TikTok’s parent company, ByteDance, to divest itself from the social media app by Jan. 19 or face a US ban.TikTok — used by more than 170 million Americans monthly — is reportedly planning to shut down the app on Sunday.Trump, who has repeatedly expressed a desire to “save” TikTok, is reportedly considering executive action that would delay the implementation of the sell-or-ban law of the ban for up to 90 days.“We will put measures in place to keep TikTok from going dark,” incoming White House national security adviser Mike Waltz told Fox News on Thursday, noting that the new law allows for an extension preventing it from taking effect “as long as a viable deal is on the table.” Earlier this month, the Supreme Court agreed to hear and fast-track a case filed by TikTok challenging the law. During oral arguments last week, lawyers for the social media platform argued that the Protecting Americans from Foreign Adversary Controlled Applications Act violates TikTok’s free speech rights under the First Amendment.The law has cleared both chambers of Congress and was approved by Biden last year.Bonnie Cash/UPI/ShutterstockSupporters of the TikTok ban argue that under the social media app’s current ownership, the Chinese Communist Party has access to the personal data of US-based users and could weaponize the app against Americans at a moment’s notice. The high court could issue its ruling in the case on Friday. All nine justices, however, appeared skeptical that the new law’s potential threats to free speech outweighed the national security concerns posed by the social media app. Trump’s incoming solicitor general, John Sauer, filed a brief in the case last month asking the justices to delay the law from taking effect until after the president-elect assumes office, arguing that the matter could be redressed “through political means.”Trump has mentioned that he has expressed a desire to “save” TikTok by possibly implementing an executive action that would delay the sell-or-ban law of the ban for up to 90 days.Getty ImagesTikTok CEO Shou Zi Chew, who visited Trump’s Mar-a-Lago resort last month as part of his bid to avert the ban, is planning to attend the president-elect’s inauguration ceremony on Monday. Chew is expected to be joined on the dais outside the Capitol Building by several tech moguls, including X boss Elon Musk, Meta founder Mark Zuckerberg, Apple CEO Tim Cook and Amazon founder Jeff Bezos.The White House did not immediately respond to The Post’s request for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":337751105061064,"gmtCreate":1723479366439,"gmtModify":1723479393331,"author":{"id":"4109678398435560","authorId":"4109678398435560","name":"Dazzling74","avatar":"https://community-static.tradeup.com/news/b269f225ac79e197e3f3736289553ec4","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4109678398435560","authorIdStr":"4109678398435560"},"themes":[],"htmlText":"In short term probably they can increase their revenue/profit, but in long term it's risky. I'm a Shopee seller and I know many sellers have left or plan to leave Shopee because of their high commission rate and stricter rules and regulations.&nbsp;","listText":"In short term probably they can increase their revenue/profit, but in long term it's risky. I'm a Shopee seller and I know many sellers have left or plan to leave Shopee because of their high commission rate and stricter rules and regulations.&nbsp;","text":"In short term probably they can increase their revenue/profit, but in long term it's risky. I'm a Shopee seller and I know many sellers have left or plan to leave Shopee because of their high commission rate and stricter rules and regulations.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/337751105061064","repostId":"1156862002","repostType":2,"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569713264180526","authorId":"3569713264180526","name":"PaladinSir","avatar":"https://static.tigerbbs.com/cab8fd813c652abf36d2c5f621d1fcaa","crmLevel":7,"crmLevelSwitch":1,"idStr":"3569713264180526","authorIdStr":"3569713264180526"},"content":"it is more likely that sellers will have a presence in all platforms rather than pull out of Shopee because take rate is only after a sale. I mean if there is a sale and you can still make a profit, then why would sellers pull out of Shopee? it's not rental fee whereby you have to pay whether or not there is business.","text":"it is more likely that sellers will have a presence in all platforms rather than pull out of Shopee because take rate is only after a sale. I mean if there is a sale and you can still make a profit, then why would sellers pull out of Shopee? it's not rental fee whereby you have to pay whether or not there is business.","html":"it is more likely that sellers will have a presence in all platforms rather than pull out of Shopee because take rate is only after a sale. I mean if there is a sale and you can still make a profit, then why would sellers pull out of Shopee? it's not rental fee whereby you have to pay whether or not there is business."}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":337751105061064,"gmtCreate":1723479366439,"gmtModify":1723479393331,"author":{"id":"4109678398435560","authorId":"4109678398435560","name":"Dazzling74","avatar":"https://community-static.tradeup.com/news/b269f225ac79e197e3f3736289553ec4","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4109678398435560","authorIdStr":"4109678398435560"},"themes":[],"htmlText":"In short term probably they can increase their revenue/profit, but in long term it's risky. I'm a Shopee seller and I know many sellers have left or plan to leave Shopee because of their high commission rate and stricter rules and regulations.&nbsp;","listText":"In short term probably they can increase their revenue/profit, but in long term it's risky. I'm a Shopee seller and I know many sellers have left or plan to leave Shopee because of their high commission rate and stricter rules and regulations.&nbsp;","text":"In short term probably they can increase their revenue/profit, but in long term it's risky. I'm a Shopee seller and I know many sellers have left or plan to leave Shopee because of their high commission rate and stricter rules and regulations.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/337751105061064","repostId":"1156862002","repostType":2,"repost":{"id":"1156862002","kind":"news","pubTimestamp":1723470702,"share":"https://ttm.financial/m/news/1156862002?lang=&edition=full_marsco","pubTime":"2024-08-12 21:51","market":"us","language":"en","title":"Sea Raises Seller Fees to Above TikTok, Temu to Lift Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=1156862002","media":"Bloomberg","summary":"Company is betting merchants won’t defect to new contendersQuarterly earnings out Tuesday will show if strategy workingSea Ltd.’s Shopee has raised the commissions it charges merchants in many core ma","content":"<html><head></head><body><ul style=\"\"><li><p>Company is betting merchants won’t defect to new contenders</p></li><li><p>Quarterly earnings out Tuesday will show if strategy working</p></li></ul><p>Sea Ltd.’s Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year, underscoring the Southeast Asia e-commerce leader’s renewed attempt of boosting its bottom line.</p><p>Sea shares gained 2.7% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c82445421447b845ace0f216ad662ba7\" tg-width=\"850\" tg-height=\"843\"/></p><p>The moves, which haven’t previously been reported, reflect Sea’s growing confidence it can retain merchants in key markets, despite competition from TikTok, Temu and Lazada. Its commission now exceeds its rivals’, with its fee in Thailand rising to as much as 13% in July from 10% previously, according to its website. TikTok charges as much as 8% and Lazada up to 10%, according to a JPMorgan report. The commissions are also known as take rates and are levied as a percentage of a product’s sale or transaction price.</p><p>The fee hikes show that Singapore-based Sea feels secure in its own efforts to become a crucial partner to merchants, helped by the e-commerce pioneer’s broad user base and well established delivery services. Yet the strategy is risky — PDD Holdings Inc.’s Temu and ByteDance Ltd.’s TikTok have quickly gained users, and sellers could jump ship if they deem Sea’s services too pricey.</p><p>With the company expected to report on Tuesday that it returned to profit in the second quarter, investors will want to see if its e-commerce arm has the power to raise fees without losing its market dominance. It now needs to prove it can accelerate growth in gross merchandise volume as well as pad its bottom-line after a ruthless cost-cutting drive helped it bolster its margins.</p><p>US-traded shares of Sea jumped 1.2% in premarket trading Monday on the news of the fee increases.</p><p>Shopee has been raising fees much quicker than before — twice this year for many of its core markets in Southeast Asia including Indonesia and Philippines, said Simon Torring, co-founder of e-commerce research firm Cube Asia. Competitors have also raised commissions, making it less likely for merchants to shift away from Sea.</p><p>“Last year, we saw a constant trade-off between GMV growth versus profit,” said Torring, whose firm has closely tracked e-commerce commissions across the region. “This quarter’s earnings report could show investors that the rise in take rates have been accepted by sellers and, if it translates fully to the bottom line, that Southeast Asia e-commerce could be a profitable play.”</p><p>A Sea representative declined to comment.</p><p>After falling for two years, Sea’s volatile shares have gained 60% this year as investors assess its chances of warding off rivals and becoming sustainably profitable.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5eaa51c7aa247717ee616f0a13373a83\" title=\"\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Net income in the second quarter through June probably fell 82% to $60 million, according to the average of analysts’ estimates. That’s even as revenue is expected to have risen 20%. Shopee’s gross merchandise volume, or the value of goods sold, probably increased by about 24.7% from a year earlier. It is scheduled to report results on Tuesday before the US markets open.</p><p>Sea’s Shopee leads Southeast Asia’s cut-throat e-commerce market, but new contenders are moving to the region of 675 million people where more and more shoppers are going online. Besides Temu and TikTok, Sea also faces competition from Shein and Alibaba Group Holding Ltd.’s Lazada.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Raises Seller Fees to Above TikTok, Temu to Lift Margins</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Raises Seller Fees to Above TikTok, Temu to Lift Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-12 21:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-08-12/sea-raises-sellers-fees-to-above-tiktok-temu-to-fatten-margins?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is betting merchants won’t defect to new contendersQuarterly earnings out Tuesday will show if strategy workingSea Ltd.’s Shopee has raised the commissions it charges merchants in many core ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-08-12/sea-raises-sellers-fees-to-above-tiktok-temu-to-fatten-margins?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.bloomberg.com/news/articles/2024-08-12/sea-raises-sellers-fees-to-above-tiktok-temu-to-fatten-margins?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156862002","content_text":"Company is betting merchants won’t defect to new contendersQuarterly earnings out Tuesday will show if strategy workingSea Ltd.’s Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year, underscoring the Southeast Asia e-commerce leader’s renewed attempt of boosting its bottom line.Sea shares gained 2.7% in morning trading.The moves, which haven’t previously been reported, reflect Sea’s growing confidence it can retain merchants in key markets, despite competition from TikTok, Temu and Lazada. Its commission now exceeds its rivals’, with its fee in Thailand rising to as much as 13% in July from 10% previously, according to its website. TikTok charges as much as 8% and Lazada up to 10%, according to a JPMorgan report. The commissions are also known as take rates and are levied as a percentage of a product’s sale or transaction price.The fee hikes show that Singapore-based Sea feels secure in its own efforts to become a crucial partner to merchants, helped by the e-commerce pioneer’s broad user base and well established delivery services. Yet the strategy is risky — PDD Holdings Inc.’s Temu and ByteDance Ltd.’s TikTok have quickly gained users, and sellers could jump ship if they deem Sea’s services too pricey.With the company expected to report on Tuesday that it returned to profit in the second quarter, investors will want to see if its e-commerce arm has the power to raise fees without losing its market dominance. It now needs to prove it can accelerate growth in gross merchandise volume as well as pad its bottom-line after a ruthless cost-cutting drive helped it bolster its margins.US-traded shares of Sea jumped 1.2% in premarket trading Monday on the news of the fee increases.Shopee has been raising fees much quicker than before — twice this year for many of its core markets in Southeast Asia including Indonesia and Philippines, said Simon Torring, co-founder of e-commerce research firm Cube Asia. Competitors have also raised commissions, making it less likely for merchants to shift away from Sea.“Last year, we saw a constant trade-off between GMV growth versus profit,” said Torring, whose firm has closely tracked e-commerce commissions across the region. “This quarter’s earnings report could show investors that the rise in take rates have been accepted by sellers and, if it translates fully to the bottom line, that Southeast Asia e-commerce could be a profitable play.”A Sea representative declined to comment.After falling for two years, Sea’s volatile shares have gained 60% this year as investors assess its chances of warding off rivals and becoming sustainably profitable.Net income in the second quarter through June probably fell 82% to $60 million, according to the average of analysts’ estimates. That’s even as revenue is expected to have risen 20%. Shopee’s gross merchandise volume, or the value of goods sold, probably increased by about 24.7% from a year earlier. It is scheduled to report results on Tuesday before the US markets open.Sea’s Shopee leads Southeast Asia’s cut-throat e-commerce market, but new contenders are moving to the region of 675 million people where more and more shoppers are going online. Besides Temu and TikTok, Sea also faces competition from Shein and Alibaba Group Holding Ltd.’s Lazada.","news_type":1},"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569713264180526","authorId":"3569713264180526","name":"PaladinSir","avatar":"https://static.tigerbbs.com/cab8fd813c652abf36d2c5f621d1fcaa","crmLevel":7,"crmLevelSwitch":1,"idStr":"3569713264180526","authorIdStr":"3569713264180526"},"content":"it is more likely that sellers will have a presence in all platforms rather than pull out of Shopee because take rate is only after a sale. I mean if there is a sale and you can still make a profit, then why would sellers pull out of Shopee? it's not rental fee whereby you have to pay whether or not there is business.","text":"it is more likely that sellers will have a presence in all platforms rather than pull out of Shopee because take rate is only after a sale. I mean if there is a sale and you can still make a profit, then why would sellers pull out of Shopee? it's not rental fee whereby you have to pay whether or not there is business.","html":"it is more likely that sellers will have a presence in all platforms rather than pull out of Shopee because take rate is only after a sale. I mean if there is a sale and you can still make a profit, then why would sellers pull out of Shopee? it's not rental fee whereby you have to pay whether or not there is business."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":393546454298688,"gmtCreate":1737102960779,"gmtModify":1737106313946,"author":{"id":"4109678398435560","authorId":"4109678398435560","name":"Dazzling74","avatar":"https://community-static.tradeup.com/news/b269f225ac79e197e3f3736289553ec4","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4109678398435560","authorIdStr":"4109678398435560"},"themes":[],"htmlText":"US government is a joke!","listText":"US government is a joke!","text":"US government is a joke!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/393546454298688","repostId":"1161805758","repostType":4,"repost":{"id":"1161805758","kind":"news","pubTimestamp":1737100015,"share":"https://ttm.financial/m/news/1161805758?lang=&edition=full_marsco","pubTime":"2025-01-17 15:46","market":"us","language":"en","title":"Biden Decides Not To Enforce Looming TikTok Ban","url":"https://stock-news.laohu8.com/highlight/detail?id=1161805758","media":"New York Post","summary":"President Biden will not enforce a law banning TikTok that is set to take effect the day before he leaves office, according to a US official.The official indicated that Biden, 82, has decided to pass ","content":"<html><head></head><body><p>President Biden will not enforce a law banning TikTok that is set to take effect the day before he leaves office, according to a US official.</p><p>The official indicated that Biden, 82, has decided to pass the buck to President-elect Donald Trump, according to the Associated Press, leaving the implementation of the law targeting the Chinese-owned social media app up to the incoming administration.</p><p>The law, which cleared both chambers of Congress and was approved by the president last year, compels TikTok’s parent company, ByteDance, to divest itself from the social media app by Jan. 19 or face a US ban.</p><p>TikTok — used by more than 170 million Americans monthly — is reportedly planning to shut down the app on Sunday.</p><p>Trump, who has repeatedly expressed a desire to “save” TikTok, is reportedly considering executive action that would delay the implementation of the sell-or-ban law of the ban for up to 90 days.</p><p>“We will put measures in place to keep TikTok from going dark,” incoming White House national security adviser Mike Waltz told Fox News on Thursday, noting that the new law allows for an extension preventing it from taking effect “as long as a viable deal is on the table.” </p><p>Earlier this month, the Supreme Court agreed to hear and fast-track a case filed by TikTok challenging the law. </p><p>During oral arguments last week, lawyers for the social media platform argued that the Protecting Americans from Foreign Adversary Controlled Applications Act violates TikTok’s free speech rights under the First Amendment.</p><p>The law has cleared both chambers of Congress and was approved by Biden last year.Bonnie Cash/UPI/Shutterstock</p><p>Supporters of the TikTok ban argue that under the social media app’s current ownership, the Chinese Communist Party has access to the personal data of US-based users and could weaponize the app against Americans at a moment’s notice. </p><p>The high court could issue its ruling in the case on Friday. </p><p>All nine justices, however, appeared skeptical that the new law’s potential threats to free speech outweighed the national security concerns posed by the social media app. </p><p>Trump’s incoming solicitor general, John Sauer, filed a brief in the case last month asking the justices to delay the law from taking effect until after the president-elect assumes office, arguing that the matter could be redressed “through political means.”</p><p>Trump has mentioned that he has expressed a desire to “save” TikTok by possibly implementing an executive action that would delay the sell-or-ban law of the ban for up to 90 days.Getty Images</p><p>TikTok CEO Shou Zi Chew, who visited Trump’s Mar-a-Lago resort last month as part of his bid to avert the ban, is planning to attend the president-elect’s inauguration ceremony on Monday. </p><p>Chew is expected to be joined on the dais outside the Capitol Building by several tech moguls, including X boss Elon Musk, Meta founder Mark Zuckerberg, Apple CEO Tim Cook and Amazon founder Jeff Bezos.</p><p>The White House did not immediately respond to The Post’s request for comment.</p></body></html>","source":"lsy1643002521230","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden Decides Not To Enforce Looming TikTok Ban</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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*/\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden Decides Not To Enforce Looming TikTok Ban\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-17 15:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://nypost.com/2025/01/16/us-news/biden-decides-not-to-enforce-looming-tiktok-ban-leaving-chinese-apps-fate-up-to-trump-as-he-returns-to-white-house/><strong>New York Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Biden will not enforce a law banning TikTok that is set to take effect the day before he leaves office, according to a US official.The official indicated that Biden, 82, has decided to pass ...</p>\n\n<a href=\"https://nypost.com/2025/01/16/us-news/biden-decides-not-to-enforce-looming-tiktok-ban-leaving-chinese-apps-fate-up-to-trump-as-he-returns-to-white-house/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc","META":"Meta Platforms, Inc."},"source_url":"https://nypost.com/2025/01/16/us-news/biden-decides-not-to-enforce-looming-tiktok-ban-leaving-chinese-apps-fate-up-to-trump-as-he-returns-to-white-house/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161805758","content_text":"President Biden will not enforce a law banning TikTok that is set to take effect the day before he leaves office, according to a US official.The official indicated that Biden, 82, has decided to pass the buck to President-elect Donald Trump, according to the Associated Press, leaving the implementation of the law targeting the Chinese-owned social media app up to the incoming administration.The law, which cleared both chambers of Congress and was approved by the president last year, compels TikTok’s parent company, ByteDance, to divest itself from the social media app by Jan. 19 or face a US ban.TikTok — used by more than 170 million Americans monthly — is reportedly planning to shut down the app on Sunday.Trump, who has repeatedly expressed a desire to “save” TikTok, is reportedly considering executive action that would delay the implementation of the sell-or-ban law of the ban for up to 90 days.“We will put measures in place to keep TikTok from going dark,” incoming White House national security adviser Mike Waltz told Fox News on Thursday, noting that the new law allows for an extension preventing it from taking effect “as long as a viable deal is on the table.” Earlier this month, the Supreme Court agreed to hear and fast-track a case filed by TikTok challenging the law. During oral arguments last week, lawyers for the social media platform argued that the Protecting Americans from Foreign Adversary Controlled Applications Act violates TikTok’s free speech rights under the First Amendment.The law has cleared both chambers of Congress and was approved by Biden last year.Bonnie Cash/UPI/ShutterstockSupporters of the TikTok ban argue that under the social media app’s current ownership, the Chinese Communist Party has access to the personal data of US-based users and could weaponize the app against Americans at a moment’s notice. The high court could issue its ruling in the case on Friday. All nine justices, however, appeared skeptical that the new law’s potential threats to free speech outweighed the national security concerns posed by the social media app. Trump’s incoming solicitor general, John Sauer, filed a brief in the case last month asking the justices to delay the law from taking effect until after the president-elect assumes office, arguing that the matter could be redressed “through political means.”Trump has mentioned that he has expressed a desire to “save” TikTok by possibly implementing an executive action that would delay the sell-or-ban law of the ban for up to 90 days.Getty ImagesTikTok CEO Shou Zi Chew, who visited Trump’s Mar-a-Lago resort last month as part of his bid to avert the ban, is planning to attend the president-elect’s inauguration ceremony on Monday. Chew is expected to be joined on the dais outside the Capitol Building by several tech moguls, including X boss Elon Musk, Meta founder Mark Zuckerberg, Apple CEO Tim Cook and Amazon founder Jeff Bezos.The White House did not immediately respond to The Post’s request for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}