U.S. Senator Marco Rubio and U.S. Representative Mike Gallagher announced that they are introducing legislation which would ban TikTok and "other social media companies that are effectively controlled by the CCP" from operating in the United States. Companies that compete with TikTok for advertising dollars include Meta Platforms’ (META) Facebook and Instagram, Alphabet’s (GOOGL) Google and YouTube and Snap‘s (SNAP) Snapchat. Reference Link
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