Trump to meet TikTok CEO as ban deadline looms
Published On Dec 16, 2024, 7:55 PM
Former President Donald Trump is set to meet TikTok CEO Shou Chew at his Mar-a-Lago estate as the social media platform seeks to prevent a ban looming due to national security concerns over its Chinese parent company, ByteDance. TikTok has applied to the US Supreme Court for a delay on the enforcement of the ban, arguing it would cause significant harm and restrict free speech. Trump, who previously supported the ban, currently opposes it, suggesting it could inadvertently benefit competitors like Facebook. This meeting occurs just before the deadline for TikTok to be sold or face prohibition in the US.
Stock Forecasts
META
Positive
If the meeting results in a resolution that circumvents the ban, it could alleviate significant uncertainty around TikTok's operations in the US, which might encourage positive market sentiment. However, if no agreement is reached and the ban enforcement moves forward as planned, it could lead to a sharp decline in user engagement and advertising revenues for TikTok, significantly impacting its market viability.
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