TikTok ban likely to spread to US allies - including UK
Published On Jan 18, 2025, 8:08 PM
The article discusses the possibility of TikTok, owned by ByteDance, facing a ban in the UK similar to the one in the US due to national security concerns related to its Chinese ownership. Experts suggest that if the US proceeds with a ban, allied countries, particularly those in the Five Eyes Alliance (US, UK, Canada, Australia, New Zealand), might also follow suit. While currently, there are no plans for a TikTok ban in the UK, past cases of Kaspersky and Huawei indicate a trend where allies align with US security decisions. The article highlights that should a global ban occur, TikTok's user base and revenue could significantly decline, impacting its future.
Stock Forecasts
META
Positive
The ongoing concerns regarding TikTok's national security risks may lead to further restrictions or a potential ban in key markets. This can adversely affect user engagement and monetization strategies, especially if similar bans spread globally. Companies like Meta (Facebook, Instagram) and Alphabet (Google, YouTube) could benefit from a dwindling TikTok user base as users seek alternative platforms.
BIDU
Negative
If TikTok faces a potential collapse of its user base due to international bans, investors should be cautious about its owner, ByteDance, or associated companies. Currently, there is uncertainty about how well TikTok can adapt to these pressures, putting its future in jeopardy.
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