The Trump administration is expected to extend its September 17 deadline for ByteDance to divest the U.S. assets of its TikTok app or shut it down, David Shepardson and Jarrett Renshaw of Reuters reports, citing a source familiar with the matter. This would be the fourth reprieve granted by President Donald Trump from federal enforcement of a law that originally required ByteDance to sell or shut down TikTok by January 2025. Publicly traded companies in the social media space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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