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Stockreport

How TikTok's Chinese parent company will rely on an American right to keep the app alive [CNN]

Comcast Corporation - Class A (CMCSA)  More Company Research Source: CNN
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
off its US operations could be a seminal moment in First Amendment law in what is shaping up to be a year of defining cases. The new law gives TikTok's parent company ByteDance nine months to sell the short-form video app or face a ban in the US, where it claims some 170 million users and has raised national security concerns over its ability to potentially gather data on and influence Americans. But in an ironic twist, ByteDance, which is based in China where the ruling Communist Party has cracked down on free speech and dissent, will be relying on this very American right to protect its business interest. Ad Feedback “We are confident and we will keep fighting for your rights in the courts. The facts and the Constitution are on our side and we expect to prevail,” TikTok chief executive Shou Chew said in a video posted on the app in response to the new law. In recent months, the company has foreshowed it plans to challenge the law on First Amendment grounds. In the run up t [Read more]
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Stockreport

How TikTok's Chinese parent company will rely on an American right to keep the app alive [CNN]

Comcast Corporation - Class A  (CMCSA) 
More Company Research Source: CNN
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
off its US operations could be a seminal moment in First Amendment law in what is shaping up to be a year of defining cases. The new law gives TikTok's parent company ByteDance nine months to sell the short-form video app or face a ban in the US, where it claims some 170 million users and has raised national security concerns over its ability to potentially gather data on and influence Americans. But in an ironic twist, ByteDance, which is based in China where the ruling Communist Party has cracked down on free speech and dissent, will be relying on this very American right to protect its business interest. Ad Feedback “We are confident and we will keep fighting for your rights in the courts. The facts and the Constitution are on our side and we expect to prevail,” TikTok chief executive Shou Chew said in a video posted on the app in response to the new law. In recent months, the company has foreshowed it plans to challenge the law on First Amendment grounds. In the run up t [Read more]
IMPACT SNAPSHOT
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CMCSA
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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%
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%
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%
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS