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Senators Want Biden To Extend TikTok Ban Deadline—But Unclear If He Legally Can [Forbes]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Forbes
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
could leave U.S. app stores in a month if the Supreme Court upholds the law banning it—but it's unclear if Biden actually has the authority to delay the ban under the law, and the move could be challenged in court if he tries. Participants hold signs in support of TikTok outside the U.S. Capitol Building on March 13 in ... [+] Washington, DC. Getty Images Key Facts Sen. Ed Markey, D-Mass., and Sen. Rand Paul, R-Ky., sent a letter to Biden Thursday arguing he should impose a 90-day extension delaying when the federal law takes effect, which is now scheduled for January 19. The law requires TikTok to divest itself from Chinese-owned parent company ByteDance or else be banned from U.S. app stores, but the senators argue the company cannot divest itself “in that limited time” before the ban takes effect. The ban's status is now in limbo, as the Supreme Court will hear oral arguments in TikTok's lawsuit challenging it on January 10 and decide the law's legality, after a panel o [Read more]
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Stockreport

Senators Want Biden To Extend TikTok Ban Deadline—But Unclear If He Legally Can [Forbes]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Forbes
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
could leave U.S. app stores in a month if the Supreme Court upholds the law banning it—but it's unclear if Biden actually has the authority to delay the ban under the law, and the move could be challenged in court if he tries. Participants hold signs in support of TikTok outside the U.S. Capitol Building on March 13 in ... [+] Washington, DC. Getty Images Key Facts Sen. Ed Markey, D-Mass., and Sen. Rand Paul, R-Ky., sent a letter to Biden Thursday arguing he should impose a 90-day extension delaying when the federal law takes effect, which is now scheduled for January 19. The law requires TikTok to divest itself from Chinese-owned parent company ByteDance or else be banned from U.S. app stores, but the senators argue the company cannot divest itself “in that limited time” before the ban takes effect. The ban's status is now in limbo, as the Supreme Court will hear oral arguments in TikTok's lawsuit challenging it on January 10 and decide the law's legality, after a panel o [Read more]
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