The petition filed with the appeals court said the company had sought an injunction pending review by the Supreme Court.
The petition states that the law in question would come into force on January 19, 2025 and that this would lead to the closure of TikTok, “one of the most popular opinion platforms” in the country.
The petition states that the injunction would give the new administration in the United States time to determine its position, which could eliminate the need for Supreme Court review.
A month-long closure could result in losses of over $1 billion
Blake Chandlee, Head of Global Business Solutions at TikTok, said in his statement in the petition that even if the platform were temporarily closed, thousands of companies that market their products on TikTok would be harmed.
Chandlee stated that estimates suggest that TikTok's shutdown for just one month will result in a loss of income of about $300 million for about 2 million content creators in the United States and more than $1 billion for small businesses in the country could lead.
Chandlee noted that if such an event occurs, TikTok is expected to lose 29 percent of its total targeted global advertising revenue in 2025, and warned that those numbers will rise if the platform remains closed for more than a month.
The court ruled in favor of the law, which paved the way for TikTok to be banned
Last year, the U.S. government took a step to either sell TikTok to a U.S. company or ban it, which it accused of exposing American user information to the Chinese government. In this regard, the bill passed by Congress in March was signed by US President Joe Biden.
The Biden administration gave TikTok until January 19, 2025 to end its relationship with China's ByteDance or the company would be banned in the United States and blocked from access by users.
TikTok, which has 170 million users, also asked the appeals court to invalidate that law, saying it violates the freedom of expression in Article 1 of the U.S. Constitution and the United States' “open internet” policy.
TikTok's application also argued that the deadline granted by the US government was very short and that it was not technically and practically possible to terminate the relationship with ByteDance within this deadline.
The appeals court issued its decision in TikTok's lawsuit against the law last week. The court ruled in favor of the law, which paved the way for TikTok to be banned.
Donald Trump, who was elected President of the United States, rejected the law during the election campaign, which was supposed to come into force the day before his inauguration on January 20, 2025.
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