A deal to spin off the U.S. assets of TikTok has been put on hold after China indicated it would not approve the deal after President Donald Trump’s tariffs announcement this week, Dawn Chmielewski, David Shepardson and Antoni Slodkowski of Reuters reports, citing two sources familiar with the matter. Publicly traded companies in the social media space include Meta Platforms (META), Alphabet (GOOG) (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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