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How will Meta and Snap's stock prices react if TikTok is banned in the U.S. by January 19, 2025?
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Story
U.S. Court Upholds TikTok Ban Unless ByteDance Divests by Jan. 19
Dec 6, 2024, 03:23 PM
A U.S. federal appeals court has upheld a law requiring ByteDance, the Chinese parent company of TikTok, to divest its ownership of the popular short-video app in the United States. The ruling means that TikTok faces a potential ban in the U.S. if ByteDance does not meet the January 19 deadline to sell the app. This decision could significantly impact the social media landscape, potentially benefiting competitors like Meta Platforms Inc. and Snap Inc. The court's decision comes amidst discussions of potential policy changes under a Trump administration, although Trump has indicated he would reverse the ban.
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