The U.S. Supreme Court on Friday will hold a hearing on the ban of TikTok, which carries implications on the global marketplace, technology, freedom of speech and national security.

Facing a looming ban in the United States, TikTok's fate will be in the hands of the Supreme Court in a case being argued on Friday that pits free speech rights against national security concerns over the widely used short-video app owned by Chinese company ByteDance.

A group led by Kevin O'Leary and billionaire Frank McCourt said it had submitted a bid for TikTok to the video app's Chinese owner Bytedance.

TikTok will be fighting for its life Friday, as the U.S. Supreme Court is due to hear arguments over a bipartisan law that aims to ban the video-sharing app on Jan. 19 if it continues to be controlled by its Chinese parent company, ByteDance Ltd.

The social media app is likely to disappear from the app stores of Google and Apple right away. But it’s unclear if users will completely lose access.

We're getting down to the wire with a U.S. ban on TikTok set to take effect on Jan. 19, 2025, depending on what the Supreme Court says.

The Chinese-owned app is battling for survival as a deadline looms over its fate.

The justices are expected to rule quickly in the case, which pits national security concerns about China against the First Amendment’s protection of free speech.

TikTok is challenging a possible ban or forced sale to new owners in the United States, but has for several years been waging other fights in at least 20 countries.

The dispute in TikTok v. Garland stems from a federal law called the Protecting Americans from Foreign Adversary Controlled Applications Act. Passed on a bipartisan basis and sign

TikTok creators Lexi Larson and Priscilla Lopez tell PEOPLE they have made life-changing money from the app, but with its possible ban looming, both share what they're doing to prepare.