Tech

China’s TikTok to File Court Challenge to U.S. Sell-or-Ban Law

China’s TikTok says it plans to file a lawsuit against the U.S. ban-or-sell legislation that President Joe Biden signed into law on Wednesday. The Chinese company, controlled by a hostile foreign country, ironically told Americans that it will “fight” for their “rights,” adding, “the Constitution is on our side.”

Shou Zi Chew, chief executive officer of TikTok Inc., speaks during the Bloomberg New Econ

Mark Zuckerberg’s Meta Stock Tumbles After Earnings Call Focuses on Costly AI, Metaverse Investments

Mark Zuckerberg’s Meta suffered a significant hit to its stock price in extended trading on Wednesday, despite better-than-expected profit and revenue for the first quarter, as Zuckerberg focused on the company’s long-term investments in AI and the metaverse during the earnings call. The stock is now down more than 15.7 percent in Thursday pre-market trading.

Mark Zuckerberg deep in thought (Drew Angerer /Getty)