TikTok plans to cease operations in the United States on Sunday unless President Joe Biden intervenes before he leaves office one day later.

The popular platform could be banned on Jan. 19 under a federal law, while many parties have expressed interest in buying the asset.

The Supreme Court’s ruling represents the end of TikTok’s legal fight for survival. Its faint hopes now rest on a political solution. Donald Trump, who is due to become president on January 20th, the day after TikTok’s banishment,

An approaching TikTok ban will impact millions of people who rely on the app for their livelihood. On Friday, the Supreme Court upheld the federal law banning TikTok unless it’s sold by its China-based parent company, as reported by The Associated Press (AP).

Elon Musk is being eyed by Chinese authorities as a potential buyer of TikTok. Newsweek's live blog is closed.

Chinese merchants on TikTok are taking precautionary measures to prepare for a looming ban of the short-video app in the United States, including switching to competing platforms and focusing on other overseas markets.

TikTok is currently on the verge of being banned, but reportedly, China is mulling the idea of selling the platform to Elon Musk.

STORY: The U.S. Supreme Court refused to rescue TikTok on Friday from a law that required the popular short-video app to be sold by its Chinese parent company ByteDance or face a ban on Sunday in the United States on national security grounds.

Citing national security, the Supreme Court rules that TikTok can be banned if its Chinese parent company ByteDance does not sell the app by Sunday.

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.

TikTok CEO Shou Zi Chew thanked Donald Trump for his commitment to "finding a solution" that keeps TikTok available in the U.S. after the ruling.