According to the US government, TikTok will be forced to sell within 45 working days. If no company takes over, it will be forced to shut down without any room for negotiation.
In response, ByteDance said it would formally file a lawsuit against the first executive order issued by the United States on August 6. According to ByteDance's official account, the lawsuit will be filed on August 24, US time (August 25, Beijing time). At the same time, TikTok is preparing for the worst to ensure that its employees can continue to be paid even if the app is shut down in the United States.
ByteDance's latest response today said: "Over the past year, we have sincerely sought to communicate with the US government and provide solutions to their concerns. However, the US government ignored the facts, did not follow due legal procedures, and even tried to forcibly intervene in commercial company negotiations. To ensure that the rule of law is not abandoned and that the company and users are treated fairly, we will safeguard our rights through litigation."
TikTok has more than 100 million users, more than 1,500 employees, and thousands of partners in the United States. If TikTok's US business is shut down, according to the previous market rumors of a sale price of 20 to 50 billion US dollars, ByteDance will lose at least more than 200 billion yuan.
In addition to the official lawsuit, ByteDance's American employees have also initiated their own lawsuits against Trump. Mike Godwin, an Internet policy lawyer who filed the lawsuit on behalf of the employees, said that Trump's ban was an administrative overreach and would undermine the constitutional rights of TikTok's American employees.
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