Tech investors sue Trump administration, accusing it of violating TikTok ban
CBS News • • business
Key Points:
- Tech investors ZhaoCheng Tan and Garrett Reid have filed a civil lawsuit accusing the Trump administration of unlawfully extending deadlines and failing to enforce a law requiring TikTok to separate from its China-based owner or face a U.S. ban.
- The lawsuit challenges the legality of multiple extensions granted by President Trump to delay TikTok’s shutdown and contends that the 2026 deal forming a U.S.-based entity to operate TikTok violated the law by allowing ByteDance to retain control over the app’s recommendation algorithm.
- Plaintiffs argue the government’s failure to enforce the law harmed their investments in competing companies like Alphabet and Meta, and claim the approved deal favored investors with close ties to Trump, including Oracle founder Larry Ellison.
- The law
