(NEXSTAR) – The Supreme Court Friday decided to uphold a law that bans TikTok starting on Sunday, unless the social media app is sold off by its Chinese parent company.

President Donald Trump gave the social media platform more time to comply with a law that requires it to divest its Chinese ownership.

President Donald Trump had recently expressed his support in SpaceX and Tesla CEO Elon Musk or Oracle CEO Larry Ellison purchasing TikTok.

TikTok came back online after Trump paused the ban. While the fate of the app remains to be seen, so-called “finfluencers” are not disappearing.

YouTube and TikTok start MrBeast is looking to buy TikTok as part of a group of investors, as a 75-day time limit ticks down for the social media company to find a non-Chinese owner or risk being permanently banned.

Billionaires’ wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported on Monday as some of the world’s political and

Why it matters: TikTok is an incredibly popular social media platform, with more than 170 million users in the US. TikTok has a respectable 15% market share of US social media ad spending, which is smaller than Meta Platforms’ META 70% but larger than peers like Snap SNAP, Reddit RDDT, and Pinterest PINS.

The bipartisan law - enacted in April and known as the Protecting Americans from Foreign Adversary Controlled Applications Act - threatens the companies with civil penalties of $5,000 per user. TikTok boasts some 170 million users in the U.S., so the cost to a company could reach $850 billion, according to Schettenhelm.

Four University of Rochester students accused of taking part in the distribution of “Wanted” posters that authorities said targeted Jewish faculty members have

Apple told customers with its devices that it also took down other apps developed by TikTok’s China-based parent company, including one that some social media ... an investor group to buy ...

Jimmy Donaldson, better known as MrBeast, has teamed up with Employer.com CEO Jesse Tinsley and other investors in an all-cash offer for the social platform.

YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.