TikTok Starts Working Again After Trump Says He Will Stall a Ban
Published On Jan 19, 2025, 10:39 AM
TikTok has resumed operations in the U.S. after President-elect Donald Trump announced plans to delay a federal ban that would have stopped the app due to concerns over its Chinese ownership. This decision comes after a recent law mandated that app stores no longer host TikTok unless it sold by its parent company, ByteDance. Trump stated he would issue an executive order allowing time for a deal that addresses national security concerns. This move signals ongoing debates about the app's future and its significant impact on social media and small businesses.
Stock Forecasts
META
Positive
With TikTok's operations being reinstated and Trump taking steps to protect the app from a ban, the potential for enhanced stability in the social media market exists. This could positively affect shares of companies that benefit from TikTok's resurgence, including social media and advertising-related firms.
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