Official announcement from the White House or credible news outlets

Trump Considers Executive Order to Suspend TikTok Ban Enforcement for 60 to 90 Days, Says Washington Post; Affects $META, $SNAP

Jan 15, 2025, 09:38 PM

President-elect Donald Trump is contemplating an executive order aimed at suspending the enforcement of the law that mandates the sale or ban of TikTok in the United States. According to a report from the Washington Post, this order could temporarily halt the ban for a period of 60 to 90 days. This decision comes as a TikTok ban is anticipated within the week, prompting discussions about the potential impact on social media stocks, particularly Meta Platforms Inc. (NASDAQ: $META) and Snap Inc. (NASDAQ: $SNAP).