But TikTok said after the court ruling on Friday that it “will be forced to go dark” if the administration didn’t provide a “definitive statement” to the companies that deliver its service in the U.S.

Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success.

President-elect Donald Trump says he “most likely” will give TikTok 90 more days to work out a deal that would allow the popular video-sharing platform to avoid a U.S. ban

With a TikTok ban scheduled to go into effect in the United States on Sunday, many users began to see messages preventing them from using the app when they opened it after 10 p.m. Eastern on Saturday.

Dan Ives, Wedbush Securities global head of tech research, joins CNBC's 'The Exchange' to discuss the looming TikTok ban in the U.S.

TikTok is an AI app. Not an “ask a bot to do your homework” kind of AI app, but an AI app all the same: Its algorithm processes and acts upon huge amounts of data to keep users engaged. Without that fundamental, freakishly well-tuned technology, TikTok wouldn’t really be anything at all—just another video or shopping platform.

The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S.

Challenges came in tandem with TikTok’s success. U.S. officials expressed concerns about the company’s roots and ownership, pointing to laws in China that require Chinese companies to hand over data requested by the government. Another concern became the proprietary algorithm that populates what users see on the app.

The popular platform could be banned on Jan. 19 under a federal law, while many parties have expressed interest in buying the asset.

TikTok plans to cease operations in the United States on Sunday unless President Joe Biden intervenes before he leaves office one day later.

The looming TikTok ban in the United States has left millions of users and creators uncertain about the platform's future, as debates over national security and ownership intensify.