As the new year approaches, so does the potential ban TikTok in the US, pending a decision by the Supreme Court to determine its fate.
Friday, the US Court of Appeals for the District of Columbia he denied the ByteDanceapplication of the managed app is to stop a law requiring the company to sell the app or face a ban in the US on Jan. 19. With 170 million Americans using the app, real estate professionals will be affected by losing the key to marketing and socializing. tool for small potential borrowers.
The court said in a filing late Friday that the ban was “unfounded.”
More than a week ago, judges in the same court unanimously denied requests by the company and its users to overturn the law. TikTok then asked a court on December 9 to temporarily block the law until the Supreme Court and President-elect Donald Trump could weigh in, and the company sought a decision on December 16.
In April, President Joe Biden signed legislation requiring TikTok to publicly cut ties with ByteDance following widespread, national security concerns involving the popular app. The government’s evidence as to why TikTok’s ban was necessary was released in court filings, but outside concerns include spying on journalists or involvement with the Chinese government. TikTok has denied the allegations.
Some lawmakers have said so an apple again Google to prepare for the removal of the application, Reuters report.
Real estate experts have previously given their views on the ban and its potential impact on business HousingWirewhich he calls “bad luck.”
Experts with major business ties to the app expressed concern. Jordan Nutter, vice president of the influencer division at NFM loanhe said his share of business connected to social media is between 40% and 50%.
“Most of my clients tend to be millennials from social media,” Nutter said in a previous interview with HousingWire. So, if this goes into full effect, it will affect my business, unfortunately. I have all the other platforms, for the most part, and I reuse content there, but when it comes to what content the fans are engaging with, it’s really TikTok where it thrives. “
