ByteDance seeks to block US sell-off order

ByteDance, the Chinese owner of TikTok, has asked the United States Court of Appeals for the District of Columbia for a temporary block on a law.

This law requires ByteDance to sell its stake in TikTok by January 19, 2025, or face being banned across the country.

The emergency motion was filed on Monday, as the compliance deadline comes amid the upcoming presidential inauguration of Donald Trump.

Recent ByteDance developments

Timeline
04-Dec-2024 🖼️ ByteDance expands AI Doubao with image recognition feature Doubao app adds new image recognition feature Identify movies and scenic locations through images
28-Nov-2024 ⚖️ ByteDance sues intern over AI sabotage claims ByteDance sues ex-intern for AI project sabotage Seeking 8M yuan, claims of code tampering made
20-Nov-2024 📈 ByteDance boosts stock options for top workers ByteDance offering stock options for top performers Updates coincide with January performance reviews
17-Nov-2024 📊 ByteDance claims $300b valuation amid U.S. scrutiny ByteDance valued at $300B in recent buyback offer Seeking legal options against potential TikTok ban
16-Nov-2024 💵 ByteDance int’l revenue up almost 60% in first half of 2024 ByteDance’s international revenue hits $17B in 2024 TikTok’s role grows amid regulatory challenges and layoffs
07-Nov-2024 ⚖️ ByteDance dismisses 103 staff for violations

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