TikTok Ban Headed For Supreme Court. What To Watch For With Meta, Snap Stock.

Blockhead12-19

The Supreme Court on Wednesday said it will hear a challenge from TikTok parent ByteDance to a law that could ban the popular short-video app in the U.S. Oral arguments are set for early next month. ...

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The legal showdown is sure to have implications for Meta Platforms (META) and other social media stocks, along with tech giants like Oracle (ORCL).\nThe Supreme Court scheduled oral arguments for Jan. 10, with the law set to take effect Jan. 19. Signed by President Joe Biden in the spring, the legislation requires China-based ByteDance to sell TikTok to another company. If it doesn't the popular short-video site will be banned. Congress passed the law due to concerns that TikTok's Chinese ownership could present a national security risk, with TikTok boasting more than 170 million U.S. users.\n\n\n\n↑\nX\n\n\n\n\nThis Is How A TikTok Ban Could Impact The Stock Market\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nThis Is How A TikTok Ban Could Impact The Stock Market\n\n\n\n\nA federal appeals court upheld the law earlier this month, prompting TikTok to bring to the Supreme Court a challenge to the law's constitutionality.\nMeta Stock In Focus\nOne stock to watch with the news is Meta Platforms. TikTok is a formidable competitor to Meta's Facebook and Instagram. Analysts project that time spent on TikTok could shift to the Reels short-video product hosted on Facebook and Instagram if TikTok is banned.\nMeta stock was up a fraction at 621.62 in recent action on the stock market today. But shares are down from intraday highs near 625 in morning trading.\nAnother beneficiary of that time spent could be YouTube, which is part of the Google parent company Alphabet (GOOGL). Google stock is trading flat at 197.21 in recent action.\nSnapchat is also seen by analysts as another potential winner if TikTok is banned. Shares of Snapchat parent Snap (SNAP) were down 2.3% at 10.94 in recent action after opening trading higher.\nOracle stock, which hosts TikTok's U.S. data and counts the company as a major cloud customer, also gained a fraction at 170.36 in recent action.\nThis a breaking news story. More to come. \nYOU MAY ALSO LIKE:\nHow Oracle Got Its Mojo Back\nUber Stock Regains Some Ground After CFO Commentary On Robotaxis, Demand\nIBD Live: Learn And Analyze Growth Stocks With The Pros\nGet Timely Buy & Sell Alerts With IBD Leaderboard\nTop Growth Stocks To Buy And Watch","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492131368"}