At a Manhattan event, TikTok executives tried to reassure ad clients, saying that “we are absolutely confident” in TikTok and “in the future of this platform,” The New York Times’ Sapna Maheshwari reports. “TikTok is here — we are here,” Khartoon Weiss, the company’s vice president of global business solutions, told advertisers. Under a federal law and executive order, the app is set to be banned in the country next month if the Chinese owner of the company, ByteDance, does not sell it. Publicly traded companies in the social media space that compete with TikTok include Meta Platforms (META), Alphabet (GOOG) (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- ‘You May Not Need an iPhone 10 Years From Now,’ Apple’s (AAPL) Eddy Cue Drops a Bombshell
- Sam Altman Nabs Instacart CEO for OpenAI’s Applications Dept.
- OpenAI and FDA Explore AI Integration in Drug Evaluations
- Meta working on facial recognition for AI glasses, The Information reports
- Period Network participates in a conference call with Needham
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue