ByteDance has been aware that this was likely to happen for years, and legislation was signed in April 2024, giving them over six months to sell. There's nothing rushed about this at all. ByteDance is playing chicken, and they're looking ever likelier to lose this game.
The US is currently 1/5th of their revenue I believe. It’s very US centric to call not being extorted out of your company by a foreign power a loss. I do believe the legislation passed is legally binding and will hold up to scrutiny by this Supreme Court. I am a person who consumes fun videos on TikTok while also recognizing the potential for a adversary to abuse. I found TikTok to be a way more joyful place than the meta properties too. I hope Meta doesn’t get to reap the benefits of this ban and I’ve seen a lot of genz who seem to be extremely anti zuck. It’s an unfortunate outcome, but I don’t see a strong 1A argument on this.