After the Supreme Court heard oral arguments over a law that could ban TikTok, it looks like one of its last possible lifelines is unlikely to save it from the impending ouster.
TikTok will be banned from the US unless either the Supreme Court blocks the law from taking effect before the January 19th deadline or its China-based parent company, ByteDance, finally agrees to sell it. A sale — and return — of TikTok could happen after the deadline, and President-elect Donald Trump may get creative in trying not to enforce the law once he’s sworn in the next day. But the longer it takes, the shakier things look for TikTok.
Bloomberg Intelligence senior litigation analyst Matthew Schettenhelm gave TikTok a 30 percent chance of winning at the Supreme Court before oral arguments, but he lowered that prediction to just 20 percent after hearing the justices’ questioning. TikTok made a last-ditch plea for the court to issue an administrative stay without signaling a ruling on the law’s merits, something Trump has suggested so he can attempt to broker a TikTok sale. Schettenhelm says that’s unlikely — the court does not tend to issue that kind of pause just because of a change in…