Market News

TikTok Inches Closer to a Deal with U.S. Lawmakers

Social media darling TikTok which is owned by ByteDance is closer to a deal with U.S. lawmakers related to data security and a deal could help ByteDance avoid a sale of the app, according to the New York Times.

While a preliminary agreement is completed, deal terms still remain under negotiation. Further, under the deal, the app’s U.S. data would remain on U.S. servers and its algorithms could be monitored by Oracle.

TikTok will also put in place a board of security experts and is also banning any political fundraising on the platform.

Here are some stocks that could be affected by this news:

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More