TikTok says it will be “forced to shut down” in the U.S. on Jan. 19 after Supreme Court upholds ban – Alphabet (NASDAQ:GOOG), Apple (NASDAQ:AAPL)

Tik Tok announced it would cease U.S. operations on Sunday unless the Biden administration provides assurances to other tech giants apple inc. AAPL and alphabet inc. Google Google Google They will face no legal consequences once the ban on the app takes effect.

what happened: TikTok’s announcement came hours after the Supreme Court upheld a law banning the app in the U.S. on national security grounds.

The decision, if implemented, would impact the platform’s 170 million U.S. users and put the app’s future in the hands of the president-elect Donald TrumpHe pledged to save TikTok after taking office on Monday.

See also: TikTok users call on Trump to “immediately deliver” on his “promise” to save the app from the US ban: “We don’t need a Supreme Court…”

TikTok said in a statement: “Unless the Biden administration provides an immediate and clear statement to satisfy the most critical service providers and ensure that they are not implemented, TikTok will be forced to shut down on January 19.”

The law, passed with bipartisan support last year and signed by President Biden, could result in huge fines for companies like Apple, Google and Google. Oracle ORCL If they continue to provide services to TikTok after the ban takes effect.

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Despite the Supreme Court ruling, a growing number of lawmakers who initially voted for the ban now advocate for TikTok to continue operating in the U.S.

Byte bounceTikTok’s Chinese parent company has made little progress selling the app ahead of a Sunday deadline. However, the app’s shutdown may be temporary, as President Trump has said he plans to take action to save the app.

why it’s important: TikTok executive Changshou Zizhou will attend the inauguration of President-elect Trump.

This comes after the Supreme Court decided to uphold the TikTok ban. The ban, if enforced, could unlock billions of dollars in advertising revenue and user engagement, e.g. Yuan Platform Company Mehta Stand up for significant gains.

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