Update: Supreme Court upholds law that could ban TikTok in the U.S. Read more. The start of the weekend marks two days until the social media platform TikTok could be banned in the United States. TikTok's Chinese parent company ByteDance has until Sunday to sell the platform under federal legislation signed into law by President Joe Biden last spring.

The clock is ticking down on TikTok in America. A law that requires TikTok to find a new, non-Chinese owner or face a ban is scheduled to go into effect Sunday — and there is little indication the company is set to pull off a sale before then.