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.

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

As TikTok faces the prospect of a nationwide ban in the U.S. over security concerns unless its China-based parent company sells its U.S. business, one technology expert says Elon Musk is the most likely buyer.

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.

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 time will expire on Jan. 19 if no buyer is found or the Supreme Court rules in the app’s favor. Here’s what to know.

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.

Americans are going to lose access to TikTok in less than a week, unless China green-lights a sale to what Congress has deemed a non-adversary of the United States — something China is unlikely to do but might.

"In a dramatic turnaround, TikTok resumed operations in the United States after former President Trump intervened to prevent its shutdown, proposing a 50% US ownership deal worth potentially billions.