Industry

Industry

The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

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TikTok restores US services after Trump vows to save it from ban

TikTok blocked access for US users on Saturday
What just happened? It's been an eventful weekend for TikTok. US users found they were unable to access the app on Saturday, the day before the law banning it in the United States came into effect. But services were being restored on Sunday when President Donald Trump said he would sign an executive order to delay the ban, giving TikTok more time to reach a deal that will allow it to stay in the US.
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Meta could make billions from TikTok ban, but the app's future remains uncertain

In brief: News that TikTok could escape the US ban that will be introduced on Sunday has brought joy to the millions of people who use the app in the US. But it's unlikely that rival platforms, especially Meta, will be celebrating. It's estimated that Mark Zuckerberg's firm would bring in up to $3.38 billion from freed up ad revenue should TikTok disappear from app stores.
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