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Shares registered the dead The platforms, which compete with TikTok in online advertising, rose 3% the day after the ruling. Stocks rose Alphabetthe parent company of the search engine Google, with which its application competes YouTube also Tik Tok More than one percent after the verdict.
The ruling now opens up the possibility of an unprecedented ban on the social media app used by 170 million Americans within just six weeks. company. BiteDance.
It is expected that the verdict will be appealed to the Supreme Court.
Defenders of freedom of expression were quick to criticize the decision. The American Civil Liberties Union said the decision “sets a wrong and dangerous precedent.”
“A ban,” said Patrick Toomey, deputy director of the National Security Project at the American Civil Liberties Union Tik Tok “This clearly violates the First Amendment rights of the millions of Americans who use this app to express themselves and communicate with people around the world.”
But the Court of Appeal said the law was “the culmination of extensive work… congress And successive presidents. “It was carefully crafted to address only the control of a foreign enemy and is part of a broader effort to confront the proven national security threat posed by the People’s Republic of China.”
US Court of Appeals Judges Sri Srinivasan, Neomi Rao and Douglas Ginsburg considered legal challenges by TikTok and users against the law, which gives BiteDance until January 19 to sell TikTok assets in the United States or dispose of them, or the app will face ban.
The decision, unless overturned by the Supreme Court, puts TikTok’s fate in the hands of the president Joe Biden First to decide whether the Jan. 19 deadline will be extended by 90 days to force the sale, then in the hands of President-elect Donald Trump. Trump He takes office on January 20. However, it is unclear whether BiteDance can meet the burden of proving that it has made the significant progress toward the exit required to obtain the extension.
Trump, whose attempt to ban TikTok failed during his first term in 2020 before the presidential election in November, said he would not allow TikTok to be banned.
TikTok said it expects the Supreme Court to overturn the Court of Appeals’ decision on First Amendment grounds.
The statement added, “The Supreme Court has a well-established historical record of protecting Americans’ right to free expression, and we expect it to do so in this important constitutional case.” He added that the bill would lead to “explicit surveillance of the American people.”
The Ministry of Justice has yet to comment on the decision.
The decision supports legislation that gives the US government broad powers to ban other foreign-owned apps that may raise concerns about the collection of Americans’ data. In 2020, Trump also tried to ban the Tencent-owned WeChat app, but was blocked by the courts.