TikTok Policy issued the following statement on the enactment of “the TikTok Ban”: “This unconstitutional law is a TikTok ban, and we will challenge it in court. We believe the facts and the law are clearly on our side, and we will ultimately prevail. The fact is, we have invested billions of dollars to keep U.S. data safe and our platform free from outside influence and manipulation. This ban would devastate seven million businesses and silence 170 million Americans. As we continue to challenge this unconstitutional ban, we will continue investing and innovating to ensure TikTok remains a space where Americans of all walks of life can safely come to share their experiences, find joy, and be inspired.” Publicly traded companies in the social media space that compete with TikTok include Meta Platforms (META), Alphabet (GOOGL), Pinterest (PINS) and Snap (SNAP).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Options Volatility and Implied Earnings Moves Today, April 24, 2024
- Roth MKM ‘marginally cautious’ on Meta Platforms heading into Q1
- Meta (NASDAQ:META) Q1 Earnings: Here’s What to Expect
- Meta opening up OS powering Quest devices to third-party hardware makers
- TikTok plans challenge if White House signs sale-or-ban bill, Information says
Questions or Comments about the article? Write to editor@tipranks.com