US TikTok Users React as ByteDance Signals App Shutdown

Disappointment, confusion, and frustration swept through TikTok’s U.S. user base on Wednesday after reports emerged that ByteDance, the app’s Chinese owner, is planning to shut down the platform for 170 million U.S. users by Sunday. The announcement seemingly marks a concession to U.S. lawmakers who imposed a deadline for ByteDance to divest its U.S. assets or face a ban, leading many users to express resignation after months of uncertainty.

TikTok users, who have built careers and substantial followings on the platform, had hoped that the app could escape a U.S. ban passed in 2023. However, as the January 19 deadline looms, some users are beginning to accept the impending shutdown. Joonsuk Shin, a 28-year-old research manager and content creator from New York, expressed his dismay, saying, “TikTok signaling that white flag is very discouraging and very sad.”

In response, some users have called for boycotts of rival platforms like Meta’s Instagram and Facebook, as well as X (formerly Twitter), predicting that advertisers who once relied heavily on TikTok will shift to those services. One user posted, “We all need to delete our Facebook, X, and Instagram accounts that same day.”

The shutdown follows U.S. lawmakers’ concerns about national security risks, with fears that China could potentially access or demand U.S. user data from TikTok. While the company has repeatedly denied any claims of sharing user data with the Chinese government, the threat of a ban has become imminent. TikTok and ByteDance have been fighting the law in court, arguing that the ban violates the First Amendment rights of free speech.

If the U.S. Supreme Court does not intervene, users trying to access TikTok on Sunday will be redirected to a shutdown website, confirming the app’s termination. Content creators like Amber Goode, a 28-year-old true crime influencer from Colorado Springs, expressed frustration over the prolonged uncertainty, remarking, “Why are they playing with us? I feel like the government is avoiding giving us the answer they already know.”

Although some users are now preparing for the worst, others remain hopeful. There were reports earlier this week that a 270-day extension of the shutdown deadline might be in the works, but this prospect was fading as the deadline approached. As TikTok’s fate hangs in the balance, many users have already begun migrating to alternatives, including China-based apps like RedNote, often using translation tools to navigate the platforms.

For others, the situation is deeply personal. One TikTok user shared a heartfelt post, saying, “My daughter passed away in 2023. I’ve been saving all her videos to my phone. I can’t lose those.” The impending shutdown is forcing many creators to scramble to preserve their content and maintain connections with their followers.

Ishpal Sidhu, a former attorney turned full-time creator with nearly 400,000 followers, voiced her concern about losing her platform and income, saying, “It’s pretty sad because I thought we were making progress.” Sidhu wondered if she would continue receiving payments for her content once the app shuts down.

Meanwhile, users outside the U.S. have begun to react more bluntly, with some expressing relief that the algorithm-driven chaos of American social media woes might now recede from their feeds. New Zealand content creator Luke Hopewell jokingly declared, “Say goodbye to the Americans.”

 

UK Grants Approval for First Vertical Rocket Launch

Britain has officially approved the first vertical rocket launch, marking a significant milestone for the country’s space industry. Rocket Factory Augsburg (RFA), a German company, has received the necessary license to launch its 30-meter-tall rocket from SaxaVord Spaceport in the Shetland Islands, located in northern Scotland. The launch is expected to take place in the third quarter of 2025, according to sources familiar with the timeline.

The UK has long sought to establish its own launch capabilities, supplementing its rapidly growing space sector, which currently employs over 45,000 people and manufactures more satellites than any country outside the United States. Despite these ambitions, the country’s efforts took a setback two years ago when a horizontal rocket launch from Newquay, southwest England, ended in failure.

A successful vertical launch would be a major step toward revitalizing the UK space industry. The Civil Aviation Authority (CAA) issued the country’s first-ever vertical launch license, allowing RFA’s rocket to carry satellites into orbit. The CAA will continue its safety monitoring process over the coming months to ensure the launch meets all regulatory and safety standards.

“This is a landmark moment for RFA, SaxaVord, and the UK space sector,” said Aviation Minister Mike Kane. “It brings us one step closer to the first commercial vertical space launch in the United Kingdom.”

However, several conditions must be met before the launch proceeds, including securing insurance and ensuring that international agreements with other nations are in place, as per the CAA’s statement.

 

Point72’s New AI Fund Nears $1.5 Billion After Impressive Returns

Point72 Asset Management’s new artificial intelligence (AI)-focused fund, Point72 Turion, has seen rapid growth, with a 14% return since its launch just three months ago. Sources familiar with the matter indicate that the fund, which began trading in October 2024, is now nearing a value of $1.5 billion, surpassing expectations. The fund is set to suspend new investments once it reaches this milestone, anticipated in April 2025.

Point72 Turion, managed by portfolio manager Eric Sanchez, had initially aimed to raise $1 billion for its launch, as reported by Bloomberg in June. The fund’s strong performance has already attracted significant subscriptions, demonstrating growing optimism about the AI sector. The fund has posted monthly gains of 3.5%, 4.9%, and 5.2% in October, November, and December, respectively, finishing 2024 with a 14.2% return. This compares favorably with the 6.2% gain in the Nasdaq Composite Index during the same period.

This growth marks the first new fund for Point72 in decades, highlighting the hedge fund’s confidence in the potential of AI. The firm currently manages $35.2 billion in assets, with its main fund having risen 19% in 2024. Despite the impressive performance, a spokesperson for Point72 declined to comment on the fund’s progress.