Trump sued in bid to undo approval of TikTok’s US sale

Donald Trump and his attorney general were sued on Thursday by retail investors in two social media rivals of TikTok seeking to reverse the US president’s approval of a deal by the company’s Chinese owner ByteDance to form a majority American-owned joint venture. The lawsuit, the ‌first legal challenge to the deal, argues that Trump’s approval last year violated requirements set out in a 2024 divestiture law. Two California residents who hold shares in Alphabet and Meta Platforms sued, backed...

By Reuters