THE 850 BILLION REASONS APPLE AND OTHERS AREN'T TAKING A CHANCE ON TIKTOK

Summary from the TLDR newsletter

TikTok has been removed from app stores in the US despite the Biden administration issuing a statement that it didn't intend to try to enforce the law and Trump saying there would be no liability for ignoring the law while he tries to suspend the ban. The law allows for app stores to be fined $5,000 per user, which would be a massive blow even for a company of Apple's size. It is not clear whether Trump has the power to shield companies from this liability. The providers that have resumed service for TikTok are rapidly accruing tens, if not hundreds of billions of dollars of liability.