TechCrunch Daily Crunch TikTok warns of looming shutdown as Supreme Court weighs sell-or-ban law
Jan 11, 2025
TikTok faces a potential shutdown as the Supreme Court reviews critical regulations, sparking debates over social media laws. Meanwhile, Meta has cut its diversity, equity, and inclusion programs, stirring controversy. Shein’s ambitious IPO plans unfold amidst scrutiny, and a cold case resurfaces involving mysterious teen disappearances. Legal battles surrounding TikTok highlight First Amendment rights, while startups like Overhaul and Beams showcase innovation despite the legal turmoil.
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Shein's London IPO
- Shein plans to IPO on the London Stock Exchange after facing US scrutiny.
- Concerns regarding Shein's China ties and labor practices persist in the UK.
Meta Eliminates DEI Programs
- Meta is ending its diversity, equity, and inclusion (DEI) programs.
- This decision is attributed to the shifting legal and policy landscape in the US.
TikTok Ban and Free Speech
- TikTok's lawyer argues a ban would violate First Amendment rights.
- A divestiture isn't feasible due to China's control over the algorithm.