ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

By merging with the U.S. arm of TikTok, Perplexity could emerge as a stronger search rival to Alphabet, a potential blow to Google stock.

A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.

Morgan Stanley analyst Brian Nowak maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $280.00.Stay

TikTok says it plans to go offline on Sunday, January 19th if the Biden administration doesn’t intervene. The company confirms earlier reporting that it will be “forced to go dark” on the 19th unless the outgoing administration provides a “definitive statement” assuring its “most critical service providers” that they won’t be held liable for breaking the law.

Morgan Stanley notes recent news reports suggest both President Biden and President-elect Trump are interested in extending the upcoming

The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.

Chinese merchants on TikTok are taking precautionary measures to prepare for a looming ban of the short-video app in the United States, including switching to competing platforms and focusing on other overseas markets.

The platform is in need of saving in the United States, where approximately 170 million people have TikTok accounts. On Friday, the U.S. Supreme Court upheld a federal law that will ban the platform on Jan. 19 unless TikTok’s China-based owner ByteDance divests its U.S. operations.

The president-elect unveiled plans for a Day One executive order to save TikTok from a ban, which is immediately raising a host of legal questions.

President-elect Donald Trump asked technology companies to “not let TikTok stay dark” and announced he would extend a deadline to sell the company after the video platform suspended its services in the US and Apple Inc.