Former president and current presidential candidate Donald Trump told Bloomberg Businessweek in an interview that “I’m for TikTok, because you need competition,” and that “if you don’t have TikTok, you have Facebook and Instagram” and “that’s Zuckerberg.” Facebook previously banned Trump indefinitely in the wake of the January 6 attacks. “All of a sudden,” Trump said, “I went from No. 1 to having nobody.” Publicly traded companies in the social media space that compete with TikTok include Meta Platforms (META), Alphabet (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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