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Social media giant TikTok and its China-based parent company ByteDance have faced a recent setback after losing an appeal to delay the enforcement of a potential ban in the U.S.
As reported by The Associated Press, the platform saw its bid rejected to hold off legislation that would require ByteDance by mid-January to divest TikTok to an approved buyer or face a ban. Attorneys for the company are expected to appeal to the Supreme Court.
Amid the conversation, misinformation about its Congressional opponents appeared online, with one Republican congressman accused of buying more than $1 million in shares in Mark Zuckerberg's Meta as he penned a bill banning TikTok.