U.S. President Donald Trump said he would extend the June 19 deadline for ByteDance to divest its U.S. assets for TikTok if no deal is reached by then, Andrea Shalal of Reuters reports. “I would … I’d like to see it done,” Trump told the NBC News program “Meet the Press with Kristen Welker” in an interview. Additionally, Trump said he had a “sweet spot” for the app after helping him win over young voters for the 2024 presidential election, noting, “TikTok is – it’s very interesting, but it will be protected.” 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:
- Meta Platforms’ Stock Soars Amid AI Advancements
- “20-30% of the Code…Written by Software” Microsoft Stock (NASDAQ:MSFT) Surges as Human Connection to Code Crumbles
- Next Phase of Google’s (GOOGL) U.S. Antitrust Trial Set for September 22
- Amazon’s Jeff Bezos Is Dumping $4.7B in AMZN Stock. What Does This Mean?
- Now Streaming: Advertisers reportedly planning to spend loss on TV ads
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue