When does the US TikTok ban start?
Published On Jan 15, 2025, 6:00 AM
The US Supreme Court upheld a ban on TikTok set to take effect on January 19, denying a legal challenge from its owner, ByteDance. President-elect Trump has expressed interest in overturning the ban but has not committed to a specific action yet. If enforced, the ban could limit access to TikTok, cutting off updates and potentially leading to security issues for current users. Other platforms like Instagram Reels and YouTube Shorts are poised to attract TikTok users if the ban becomes effective. Meanwhile, there are rumors about potential buyers for TikTok, including figures like Elon Musk, though ByteDance has so far rejected selling the platform.
Stock Forecasts
META
Positive
The decision to ban TikTok may lead to a significant shift in user engagement towards competitor platforms such as Meta's Instagram and YouTube Shorts. The potential increase in advertising dollars for these companies as TikTok users migrate could provide a positive boost for their stock value.
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