Trump and Bondi Sued Over TikTok Asset Sale Approval

The Public Integrity Project sued President Trump on Thursday over the TikTok asset sale. The suit claims the deal is illegal and seeks a full renegotiation.

Xurve View

President Donald Trump and Attorney General Pam Bondi are facing a legal challenge over the United States government's approval of a deal involving the social media platform TikTok. The lawsuit, filed on Thursday in the U.S. Court of Appeals for the District of Columbia, contests the agreement by the platform's owner, ByteDance, which is headquartered in China, to create a majority American-owned joint venture. The legal action was brought by the Public Integrity Project on behalf of two retail investors in competing social media firms. The plaintiffs allege that the administration's approval was illegal and failed to meet the requirements of a 2024 law.

A view of the TikTok corporate offices in Culver City, California, on April 2, 2025. REUTERS/Daniel Cole

According to the filing, the plaintiffs are seeking a renegotiation of the deal to ensure that administration allies are not in a position to censor political content on the platform. Despite the legal action, the lawsuit does not seek a ban on the application, which is currently used by 200 million people in the country. Instead, the focus remains on the terms of the asset sale and the potential for political influence over content.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.