The fate of TikTok seems to be sealed for the moment. The Biden administration firmly announced the social media giant would have to look to the Trump administration for help after tomorrow’s ban likely will see the app go dark.

Backers of China's Xiaohongshu are looking to sell a part of their stake to the likes of Tencent , among others, in a deal that could value the TikTok-rival at at least $20 billion, Bloomberg News reported on Thursday.

A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.

This looming TikTok ban has over 170 million US TikTok users (who have named themselves "TikTok Refugees") scrambling for a replacement app. And that's what these users have seemingly found in Xiaohongshu or RedNote — a Chinese-owned social media app that has already risen to #1 on the US App Store.

TikTok arrived in the U.S. almost 6 1/2 years ago. The possibility the U.S. would outlaw the video-sharing app has kept influencers and users in anxious limbo for more than four of the years since

Officials at TikTok said they could not be expected to comment on pure fiction when asked about rumors China was looking into having Elon Musk acquire the social media platform.

At the moment, there are "no plans" for a TikTok ban in the UK, a government spokesperson said on Saturday. "We engage with all major social media companies to understand their plans for ensuring the security of UK data and to ensure they meet the high data protection and cyber security standards we expect."

President-elect Donald Trump spoke on the possibility of delaying a ban less than 24 hours from when the social media app is expected to shut down.

President-elect Donald Trump informed advisors that he hopes to visit China in the first 100 days after he takes office, The Wall Street Journal reported on Saturday citing people familiar with the matter.

Potential buyers for TikTok US include MrBeast, Kevin O'Leary, Frank McCourt's Project Liberty and Perplexity AI, who bid a merger instead of a sale,