Can Trump Prevent a TikTok Ban? His Team Says ‘He Will Deliver’

Published On Nov 12, 2024, 5:12 PM

President-elect Donald Trump has hinted at a potential shift in policy regarding TikTok, which is facing a ban in the United States due to its ownership by the Chinese company ByteDance. Despite the government's mandate for TikTok to sell itself to a non-Chinese company by January 19, Trump’s camp suggests he will work to prevent this ban, marking a stark contrast to his previous stance in 2020 when he sought to block the app. This comes as TikTok challenges the legality of the ban in court.

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Stock Forecasts

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If Trump successfully intervenes to prevent the ban on TikTok, it would stabilize the company's operations in the U.S., potentially leading to increased growth and user engagement. Investors in tech and social media could view this positively, especially companies integrated with TikTok's advertising ecosystem.

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