Trump sued in bid to undo approval of TikTok’s US sale

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Retail investors in Alphabet and Meta Platforms, backed by the Public Integrity Project, are suing Donald Trump and his attorney general, Pam Bondi, over the approval of TikTok's US sale. Filed on Thursday, the lawsuit challenges Trump's approval of ByteDance's deal to form a majority American-owned joint venture, arguing it violated a 2024 divestiture law. The plaintiffs seek a renegotiation of the deal to prevent potential censorship of political content by Trump administration allies on TikTok. While the suit doesn't aim to ban TikTok, it could reveal details about the joint venture, which is crucial for TikTok's US operation. A 2024 law mandates ByteDance to sell its US assets by January 2025 to avoid a ban or fines.
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