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Trump Expected to Halt Potential TikTok Ban, Impacting $SNAP and $META

Nov 12, 2024, 03:55 PM

President-elect Donald Trump is expected to attempt to halt the potential U.S. ban on TikTok, according to the Washington Post. The app faces a January deadline to secure a non-China-based owner to continue its operations in the United States. Trump, who has promised to 'save' the app during his campaign, is likely to take steps to preserve TikTok's presence in the U.S. This move comes as the odds of a U.S. TikTok ban before May are dropping. Stocks like $SNAP and $META may be impacted by this development.