Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Instagram Outage Disrupts Thousands of U.S. Users 
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
The US Supreme Court is set to hear TikTok’s challenge against a law demanding its sale or a nationwide ban by January 19. The case, pivotal for digital rights and national security, raises questions about free speech and foreign tech regulation.
TikTok’s Legal Battle Reaches the US Supreme Court
On Wednesday, the U.S. Supreme Court resolved to consider a petition filed by TikTok and its Chinese parent company ByteDance challenging a statute that would have mandated the sale of the short-video app by January 19th or risked a ban based on national security concerns, Reuters reports.
After receiving an urgent plea from TikTok and ByteDance—along with some of its users—to prevent the impending ban, the justices chose to postpone taking any action until January 10 to hear arguments on the subject.
A lower court's decision upholding the law is being appealed by the challengers. Roughly 170 million people in the United States use TikTok.
National Security Concerns and the Ban’s Broad Implications
In April, the proposal was passed by Congress. The Chinese video-sharing platform TikTok was deemed by the US Department of Justice to represent "a national-security threat of immense depth and scale" due to the fact that it could covertly alter the content that Americans saw on the app and had access to extensive user data, including location and private messages. TikTok has denied reports that it is a security risk to the United States.
ByteDance and TikTok petitioned the Supreme Court for a stay of the statute on December 16, claiming that it infringes upon the First Amendment rights to free speech guaranteed by the United States Constitution.
The businesses claimed that if TikTok were to go dark for even one month, it would lose one-third of its American subscribers, as well as its capacity to entice advertisers, content providers, and employees.
ByteDance Fights Back With First Amendment Defense
On December 6, the companies' First Amendment arguments were rejected by the U.S. Court of Appeals for the District of Columbia Circuit in Washington.
According to TikTok and ByteDance's submission to the Supreme Court, "if Americans, duly informed of the alleged risks of 'covert' content manipulation, choose to continue viewing content on TikTok with their eyes wide open, the First Amendment entrusts them with making that choice, free from the government's censorship."
Businesses that rely on TikTok to boost sales would be damaged and ByteDance and its investors would lose a lot of money if the US government banned the app.
Escalating US-China Tensions Complicate TikTok’s Case
Trump has changed his mind and pledged to work to rescue TikTok during his presidential campaign this year; he had previously attempted and failed to ban the app in his first term in 2020. As for TikTok, Trump has "a warm spot in my heart for TikTok" and promised to "take a look" at the issue on December 16.
The legal deadline for TikTok was January 19, and Trump takes office on January 20.
After making its choice, the D.C. Circuit said, "The First Amendment exists to protect free speech in the United States. Here the government acted solely to protect that freedom from a foreign adversary nation and to limit that adversary's ability to gather data on people in the United States."
Foreign-Owned Apps Face Uncertain Future in the US
Accusing U.S. politicians of pursuing hypothetical worries, TikTok has stated that it has never shared or would disclose user data from the United States, Yahoo shares. The company has also described the prohibition as a "radical departure from this country's tradition of championing an open Internet."
This disagreement arises as trade tensions between the US and China continue to rise in the wake of additional limitations imposed on China's chip sector by President Joe Biden's administration and the subsequent embargo on U.S. shipments of gallium, germanium, and antimony by China.
U.S. law forbids ByteDance from continuing to utilize TikTok in the US unless the company divests itself of the program by the deadline. This includes offering the app through app stores like Apple's and Alphabet's Google.
A subsequent crackdown on other apps owned by foreign entities might be triggered by an unfettered ban. The courts also rejected Trump's 2020 effort to ban Tencent's (a Chinese corporation) messaging app WeChat.
