Two senators on Sunday dispelled the idea that TikTok could be brought back early after President-elect Donald Trump signaled he would issue an executive order to keep it online, with one warning that U.S. companies that do business with the Chinese-owned app could face “ruinous liability.”
“Any company that hosts, distributes, services, or otherwise facilitates communist-controlled TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from [Department of Justice], but also under securities law, shareholder lawsuits, and state [attorneys general],” Sen. Tom Cotton (R-Ark.) wrote in a post on X Sunday. “Think about it.”
