A TikTok ban in the U.S. would be the latest reason to stay invested in Club holding Meta Platforms after a year-and-half of strong stock gains.
Congress is inching closer toward a TikTok ban in the U.S. – offering another reason to stay invested in Club holding Meta Platforms after a year-and-half of strong stock gains. Meta's Facebook and Instagram stand to gain if TikTok is cut off in the U.S. and users of the popular short-form video app are forced to redirect their attention elsewhere.
mountain 2022-11-03 Meta's stock performance since Nov. 3, 2022, which marked its lowest close during its dramatic sell-off that year. The House of Representatives on Saturday passed legislation that bans TikTok in the U.S. if its Chinese parent company, ByteDance, does not sell its stake in the app within nine months to a year. The measure – included in a broader foreign aid package for Ukraine, Israel and Taiwan – is now under consideration in the Senate.
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