By the end of 2024, TikTok has generated approximately $8 billion in ad revenue in the U.S. As revealed by Omdia's Senior Research Director María Rua Aguete at a Content Americas panel, it surpassed 1.

In an executive order signed on Monday, Trump instructed the U.S. attorney general to not enforce the ban for 75 days while his administration determines “the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown” of TikTok.

The U.S. Supreme Court on Friday unanimously upheld a law passed in Congress that bans TikTok, which could lead to 3.7 million users in Michigan losing the use of the app as soon as Sunday. The court's decision shifts focus to President-elect Donald Trump, who still can intervene after he is sworn into office on Monday.

Political shifts and legal hurdles have delayed TikTok's removal, with Biden reportedly kicking the issue to Trump.

Taylor Swift fans have used TikTok to form a community, make extra money and stream her Eras Tour concerts. Now it may go away.

TikTok, ByteDance and several users of the app sued to halt the ban, arguing it would suppress free speech for the millions of Americans who use the platform.

First launched in the United States in 2018, the app quickly became the most downloaded social and entertainment app in the world. By 2020, when Americans were looking for ways to

TikTok CEO Shou Zi Chew, in a video message posted to the platform after the Supreme Court ruling upholding the U.S. law that threatens to ban the app, thanked President-elect Trump for his support in trying to find a workable outcome to keep the app legal.

TikTok CEO Shou Chew on Friday thanked President-elect Donald Trump for supporting the company's efforts to remain available to U.S. users. In a video posted to TikTok, his first public statement since the Supreme Court upheld a law banning the app just hours earlier, Chew praised Trump's recent support.

He previously floated a joint venture, saying that the US should be entitled to half of the app.

The president said he’s also open to another tech giant to acquire TikTok: Larry Ellison, co-founder of Oracle. Ellison was present at the White House for a $500 billion AI infrastructure partnership between the Trump administration and OpenAI, Softbank and Oracle. Oracle, a software company, houses most of TikTok's servers