After TikTok CEO Chew Shou Zi’s Congress showdown, what’s next for Meta and other social media stocks?
By Beansprout  •  March 25, 2023
TikTok could face a potential ban in the U.S. We analyse how it could impact other social media stocks such as Facebook's parent Meta. What happened? Everyone's talking about TikTok CEO's Chew Shou Zi's grilling in the US Congress this week. TikTok, the popular social media app owned by Chinese parent Bytedance, now has more than 150 monthly active users in the U.S. That's close to half of the population of the entire country! However, with growing national security concerns, the Biden administration is now demanding that TikTok's Chinese owners sell their stakes or face a potential ban in the US, according to the Wall Street Journal Here’s how the uncertainty about the future of TikTok could benefit other social media platforms like Snap, Instagram, and YouTube.

How a potential TikTok ban could impact social media stocks

#1 – Content creators could move to other social media platforms

The uncertainty could push some content creators on Tiktok to focus more on other social media...
Read the full article
By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance