Market
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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Resolution / Starting Odds
Meta stock rises • 25%
Snap stock rises • 25%
Both stocks rise • 25%
Neither stock rises • 25%
Stock price data from financial markets
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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No significant change • 25%
Increase by at least 5% • 25%
Decrease by at least 5% • 25%
Other • 25%
Yes • 50%
No • 50%
No Increase • 50%
Increase • 50%
TikTok granted extension • 33%
TikTok divested • 34%
TikTok banned • 33%
Meta (Facebook) • 25%
Other • 25%
Snapchat • 25%
YouTube • 25%
Other significant reactions • 25%
Protests or legal action by users • 25%
Minimal impact on user base • 25%
Significant migration to alternative platforms • 25%
Other actions • 25%
Comply with the ban • 25%
Challenge in court • 25%
Divest from ByteDance • 25%
Migration to other platforms • 25%
Other • 25%
Decrease in social media usage • 25%
Protests or legal action • 25%
No • 50%
Yes • 50%
Moderate backlash • 25%
Significant backlash • 25%
Minimal backlash • 25%
No noticeable backlash • 25%
Ban is enforced • 25%
Ban is temporarily blocked by Supreme Court • 25%
Other outcome • 25%
Ban is reversed by Trump • 25%
Announce plans to remove if no sale • 25%
Remove TikTok from app stores • 25%
Other actions • 25%
Keep TikTok available • 25%