TikTok plans to ban links to e-commerce sites like Amazon in an effort to force users to buy via TikTok Shop, The Information’s Erin Woo and Jing Yang report. According to a source, TikTok Shop will lose more than $500M in the U.S. in 2023. Publicly traded companies that may be impacted include Snap (SNAP), Meta Platforms (META), X (TWTR), Amazon.com (AMZN), Shopify (SHOP), Etsy (ETSY) and PayPal (PYPL).
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