Bad News For TikTok Is Good News For Meta Platforms (META), Snap Inc. (SNAP)

Meta shares rallied as TikTok CEO Shou Zi Chew underwent a congressional testimony. The U.S. is continuing to weigh the potential of banning TikTok, while the China Ministry is opposing the forced sale of TikTok. Caroline Woods breaks down the Street’s reaction, with overwhelming disappointment following the testimony. Alex Coffey then walks through a bullish example trade in Meta shares, following its near-70% rally so far YTD.

Next Gen Investing

24 Mar 2023

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