A TikTok ban could be terrible news for Apple and Tesla [Business Insider]
Wynn Resorts, Limited (WYNN)
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Source: Business Insider
China could retaliate against Apple and Tesla via brand damage campaigns or stifling local ops. A potential TikTok ban in the US could spell trouble for Apple, Tesla, and other American companies operating in China. The House of Representatives passed legislation Wednesday that would require ByteDance to sell TikTok to a non-Chinese entity within about six months or face a ban from US app stores. It's unclear if the bill will pass the Senate or withstand any legal challenges TikTok would likely bring. And even as would-be buyers throw their hats in the ring, a TikTok spokesperson suggested a sale wasn't likely , saying the bill had a "predetermined outcome: a total ban of TikTok in the United States." But if the bill were to pass, China could retaliate, analysts told Business Insider. US tech firms are already facing increasing challenges in China amid strong local competition and a climate of uber-nationalism. And on Wednesday, China's foreign ministry warned TikTok ban at
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WYNN
Earnings
- 2/7/24 - Beat
WYNN
Sec Filings
- 4/26/24 - Form 8-K
- 4/19/24 - Form 4
- 3/20/24 - Form ARS
- WYNN's page on the SEC website