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Mnuchin said he's in touch with other investors to try to buy the popular social media app as lawmakers are seeking to force its Chinese owners to sell the business.

Lawyers for TikTok argued that banning the app will violate the free speech of 170 million American users. The Justice Department contended that the app is a national security risk.

Mayer, who was on the job as TikTok's chief executive for three months, said while it is the right time for him to step down a "resolution" for the company will happen "very soon."

The challenge, which originated in part from a 2017 Twitter joke, is the subject of an FDA warning about unhealthy cooking challenges from TikTok.

TikTok could be effectively banned in the U.S. in as soon as nine months. One TikTok creator says a ban would cost her her livelihood. Creators are now looking for new homes for their content.

A panel of three judges from the U.S. Court of Appeals for the D.C. Circuit has upheld a federal law Congress passed in April mandating that TikTok will be banned in the United States unless its sold.

The hit video app is facing an existential crisis, and it is hoping promoting its reorganization will help convince Americans that it is independent from its Chinese owner.

Passengers on the epic around-the-world cruise are going viral as they share the voyage on TikTok. Over nine months, passengers are set to visit more than 60 countries.

Former President Donald Trump has more than 9 million followers on TikTok. Despite his popularity there, Trump remains one of the only major Republicans using the app as a campaign tool.

Twitter has degraded in quality under Elon Musk, and TikTok is under siege in Washington — yet replacing them is no easy task. Part of the reason has to do with what experts call "network effects."