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Trump Says He’ll Give TikTok a 90-Day Reprieve. The App May Still Shut Down at Midnight. - Barron's

1. TikTok may shut down in the U.S. due to ownership concerns. 2. New law affects ByteDance, Apple, Google, and Oracle due to national security threats. 3. Timing of enforcement depends on the incoming Biden administration's decisions. 4. Congressional support exists for finding a non-Chinese owner for TikTok. 5. Trump hints at delaying ban for 90 days for potential sale negotiations.

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FAQ

Why Bearish?

Potential TikTok shutdown could result in reduced app downloads through Apple’s platform.

How important is it?

TikTok's potential shutdown directly impacts major players like Apple, influencing market perception.

Why Short Term?

Immediate enforcement implications on TikTok may quickly affect AAPL's revenue.

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