Does the TikTok Ban Make Meta Stock a Buy? [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
At a high level, concerns over user security on the China-owned app have lawmakers at a regulatory crossroads. As some media pundits and economists speculate on TikTok's future, it's natural to wonder if competing social media platforms could benefit from a ban. Let's dig into what is going on from a legislative perspective, and assess why I see Meta Platforms (NASDAQ: META) as a big winner regardless of TikTok becoming banned in the U.S. Is TikTok banned in the U.S.? There are a lot of details surrounding the so-called TikTok ban. First, on April 20 the House of Representatives passed a bill stipulating a ban of TikTok unless its parent company -- Chinese start-up ByteDance -- agrees to sell the asset to a U.S. business within the next year. Naturally, TikTok is employing hefty lobbying efforts to squash the bill. Given the rift between TikTok and U.S. lawmakers and the Senate's quick passage of the bill on April 23, it might seem like the company could be going away soon.
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