The social media platform has gone from having its "back against the wall to a massive position of strength".

Dan Ives, Wedbush Securities global head of tech research, joins CNBC's 'The Exchange' to discuss the looming TikTok ban in the U.S.

TikTok is no longer accessible in the U.S. as of late Saturday night, shortly before a nationwide ban on ByteDance’s popular social media app took effect, though President-elect Donald Trump has suggested he will delay the ban after his return to the White House on Monday.

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.

ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

TikTok told users the app will be "temporarily unavailable" as its Chinese parent company ByteDance pins its hopes on Donald Trump to save it.

TikTok’s US assets, without the algorithm, are estimated to be worth between $40 billion and $50 billion, according to Wedbush Securities analyst Dan Ives. But since the algorithm may be where ...

It's a win for TikTok, which had previously been petitioning the Supreme Court to overturn the law. Dan Ives, managing director at Wedbush Securities, said the social media platform has gone from ...

It's a win for TikTok, which had previously been petitioning the Supreme Court to overturn the law. Dan Ives, managing director at Wedbush Securities, said the social media platform has gone from having its "back against the wall to a massive position of ...

President Donald Trump said he is in favor of Elon Musk or Larry Ellison buying TikTok as he offered his latest thinking on what a deal might look like to save the US operations of the social media platform.

TikTok restored service in the United States Sunday after briefly going dark, as a law banning the wildly popular app on national security grounds came into effect.