Trump evolves from backing TikTok ban to being seen as app's savior
Published On Jan 20, 2025, 7:04 AM
Former President Donald Trump has shifted his position regarding TikTok from advocating for a ban during his administration to actively seeking to support the app. Recently, he announced efforts to extend the deadline for TikTok's sale or ban, asserting that without U.S. approval, TikTok cannot operate effectively. This strategic pivot aims to maintain TikTok's presence in the U.S., which has approximately 170 million users, and to explore potential business arrangements that might involve U.S. ownership.
Stock Forecasts
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Trump's intervention in TikTok's situation could strengthen user confidence and stabilize the platform during a time of regulatory scrutiny. This may positively impact companies connected to TikTok, including social media-related stocks or advertising businesses that rely on TikTok's ecosystem.
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