People are listing phones preloaded with TikTok for tens of thousands of dollars on eBay, Facebook marketplace and other online storefronts — though it is not clear if there are many buyers at those prices.

Business Insider's scan of platforms like eBay and Facebook Marketplace showed hundreds of listings touting phones with TikTok and CapCut installed.

Claims that TikTok had been sold circulated after the app went dark in response to a U.S. federal ban, then returned a short time later.

Disappointment, denial and confusion flooded US TikTok upon hearing that Chinese owner ByteDance planned to shut off the app by Sunday.

While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are its most valuable.

A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.

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Shou Zi Chew was an intern at Facebook before he became Mark Zuckerberg’s biggest competitor as CEO of TikTok. Shou Zi Chew may be the CEO of Mark Zuckerberg’s biggest competitor, TikTok, but at the start of his career, he worked for Zuckerberg as an intern at Facebook.

Meta's attempt to lure creators to its platforms comes as questions remain over the future of its main rival in the US.

The tool is slated to be released on March 13, Adam Mosseri, the head of Instagram, announced. TikTok has since restored service in the US.

With popular applications missing from the Apple App Store and Google Play Store in the US thanks to a ban (which looks set to be repealed by President Trump once he is sworn in), Facebook and Instagram-owner Meta has swooped in to scoop up content creators left adrift.

TikTok and its parent company ByteDance have sought to delay the law's implementation, which they say violates the U.S. Constitution's First Amendment protection against government abridgment of free speech.