TikTok's potential ban in U.S. could be boon for Meta and Snap
Publishing timestamp: 2023-03-01 20:53:17
Summary
The US House Foreign Affairs Committee voted to advance legislation that would give President Joe Biden the authority to ban TikTok. This could benefit digital ad companies such as Meta, Snap and Google, as they have been losing market share to TikTok. However, the legislation still has a long way to go before it can be implemented.
Sentiment: NEUTRAL
Tickers: GOOGL, ORCL, WMT, AMZN, META, SNAP,
Keywords: social media, business news, donald trump, united states, politics, joe biden, snap inc, technology, walmart inc, internet, alphabet inc, oracle corp, media, amazon.com inc, meta platforms inc,
Source: https://www.cnbc.com/2023/03/01/tiktoks-potential-ban-in-us-could-be-boon-for-meta-and-snap.html