The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.

The Supreme Court has unanimously upheld the federal law banning TikTok beginning Sunday unless it’s sold by its China-based parent company.

The White House on Saturday called TikTok’s statement warning that it will “go dark” on Sunday unless President Biden steps in a “stunt,” arguing the app doesn’t have to take action

REPORT It’s Thursday. Do you want the good news or the bad news about Inauguration Day? The good news is that it’ll be sunny! 🌞 The bad news is

TikTok is expected to cease operations at midnight, and it’s causing lots of confusion and concern for its users and content creators.>>> STREAM ACTION NEWS JAX LIVE [DOWNLOAD: Free Action News Jax app for alerts as news breaks]The app has around 170 million users here in the United States and many of them have used the platform for advertising and even for personal income.

TikTok is reportedly prepared to shut down its app on Sunday, when the ban is scheduled to take effect, though the actual language of the law technically only mandates that the platform be taken off app stores to prevent new users from downloading it.

Earlier Sunday, a Biden administration official accused TikTok of trying to "blame" the situation on the Biden administration, saying "they've had a year to deal with it and we were clear we ...

With President-elect Trump adding uncertainty around whether a TikTok ban will go into effect, the focus is now turning to companies like Google and Apple.

The president-elect said he will issue an executive order Monday to delay the ban while he brokers a sale. The app has returned on web and mobile, but is not available in Apple and Google's stores.

TikTok CEO Shou Zi Chew is expected to attend Trump’s inauguration Monday, according to a source familiar with the planning.

During his first term as president, Donald Trump led the effort to ban TikTok. But as he returns to the White House, he's being hailed as the app's savior.

TikTok said Friday that the app will “go dark” on Sunday after not receiving enough assurance from outgoing President Joe Biden about his plans for enforcing a scheduled ban. “The statements ...