Representative Mike Gallagher, the chair of the House select China committee and Representative Raja Krishnamoorthi, the top Democrat, are introducing legislation joined by more than a dozen other lawmakers that would give China’s ByteDance about six months to divest popular short video app TikTok or face a U.S. ban, congressional aides are quoted by Reuters as having said. Publicly traded companies in the social media space include Meta Platforms (META), Pinterest (PINS) and Snap (SNAP).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on META:
- Alphabet will be able to get Gemini back on track, says JPMorgan
- Trump vs. Biden: Which Stocks to Choose for Each Election Outcome
- Meta (NASDAQ:META) Enrages Australia over News
- Meta turned down Google offer for VR/AR tie-up, The Information says
- Meta criticized by Australia after failing to renew media deal, FT reports
