Business
TikTok ban good for Meta and YouTube?
By Dr Wealth  •  March 28, 2023
It was clear to most people that the recent congressional hearing of TikTok's CEO Chew Shou Zi was a setup. The verdict of 'sell TikTok else ban it' has already been predetermined. The hearing seemed to serve as a platform to voice concerns about TikTok's alleged ties to the Chinese government, rather than a genuine effort to engage in a business discussion. It is about politics, not business, and TikTok is the scapegoat. If the US views China as an unworthy or inferior country, it would be counterproductive to stoop to their level by implementing similar bans. Anyway I think a ban is not going to help Meta or YouTube by much even if it goes through. Read entire analysis: https://finbiteinsights.substack.com/p/tiktok-ban-good-for-meta-and-youtube...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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