The Supreme Court is currently weighing the decision of whether or not to ban popular social media app TikTok in the United States, citing national security concerns. The ban could have far-reaching consequences not only for the app itself, but also for the broader social media landscape.

TikTok, owned by Chinese company ByteDance, has become a cultural phenomenon with over 100 million users in the U.S. generating billions of dollars in ad revenue. However, concerns about data privacy and potential ties to the Chinese government have led the Trump administration to push for a ban on the app.

Arguments in front of the Supreme Court have centered around the delicate balance between national security and free speech, with TikTok arguing that the ban would violate the First Amendment. The court’s decision could have major implications for other social media platforms and how they handle user data.

As the fate of TikTok hangs in the balance, shares in the app’s rivals have been rising as investors speculate on how the market could shift if TikTok is banned. The Supreme Court’s decision is expected to have a profound impact on the future of social media in the U.S.