The court affirmed a law passed with bipartisan support in Congress and signed by President Joe Biden grants the US government extensive authority to ban foreign-owned apps that could raise concerns over the collection of Americans’ data.
Shares in Meta Platforms — the parent company of Facebook reached a record high on Dec 6 after a US appeals court upheld a law requiring China-based ByteDance to divest its popular short-video app TikTok by early next year or face a potential ban.
The ruling is a significant setback for ByteDance, whose app is used by 170 million Americans. The court affirmed a law passed with bipartisan support in Congress and signed by President Joe Biden, granting the US government extensive authority to ban foreign-owned apps that could raise concerns over the collection of Americans’ data.
TikTok and ByteDance had argued the law is unconstitutional and infringes on Americans’ free speech rights.
Meta shares climbed to an all-time high of $629.78, closing 2.7% higher at $625.37. The company’s platforms, including Facebook and Instagram, compete directly with TikTok for users and advertising revenue.
Alphabet — the parent company of YouTube and Google, also saw its shares rise by 1.1%, reaching $174.68, while Trump Media & Technology, the operator of the Truth Social platform, increased by 3.4% to $34.89.
The decision is expected to be challenged further, potentially being brought before the full appeals court panel or the US Supreme Court by ByteDance and TikTok.
What Is APAAR ID, the ‘One Nation, One Student ID’? Benefits, Registration, Uses and Privacy Concerns: Explained
.webp&w=256&q=75)
Hardware Comes First; Software Must Refine What We Build
Explained: Why the Centre Is Rethinking NEET-UG’s Pen-and-Paper Format and the Challenges of a Computer-Based Test
Schools cannot prepare students for every future job; they can prepare them to remain capable learners.
Move financial education from knowledge-based learning to decision-based learning
What Is APAAR ID, the ‘One Nation, One Student ID’? Benefits, Registration, Uses and Privacy Concerns: Explained
Gurugram traffic pollution cost children 94,859 school days in 2025
MICA appoints Prof Dr Ruchi Tewari as Chief Marketing and Experience Officer
4 Indian B-schools rank among global leaders in teaching-case impact, IIM Bangalore leads
.webp&w=256&q=75)
UP to recruit over 17,000 education posts, exams scheduled for Nov and Dec
What Is APAAR ID, the ‘One Nation, One Student ID’? Benefits, Registration, Uses and Privacy Concerns: Explained
Hardware Comes First; Software Must Refine What We Build
Explained: Why the Centre Is Rethinking NEET-UG’s Pen-and-Paper Format and the Challenges of a Computer-Based Test
Schools cannot prepare students for every future job; they can prepare them to remain capable learners.
Move financial education from knowledge-based learning to decision-based learning
What Is APAAR ID, the ‘One Nation, One Student ID’? Benefits, Registration, Uses and Privacy Concerns: Explained
Gurugram traffic pollution cost children 94,859 school days in 2025
MICA appoints Prof Dr Ruchi Tewari as Chief Marketing and Experience Officer
4 Indian B-schools rank among global leaders in teaching-case impact, IIM Bangalore leads
UP to recruit over 17,000 education posts, exams scheduled for Nov and Dec
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech