So what’s going on with the TikTok ban, and is it actually going to happen this time around? Well, at the moment, it seems to be caught up in bureaucratic process. But if it is banned, or more accurately forced into U.S. ownership, it may well end up being available in the U.S. for another […]
Tag Archives: SellOff
With TikTok facing a potential ban in the USthe company is already working on contingency plans, which, in a worst-case scenario, may see parent company ByteDance sell off TikTok in order to maintain its operations and revenue potential. As reported by Bloomberg: “TikTok’s leadership is discussing the possibility of separating from ByteDanceits Chinese parent company, […]
Stocks plunge after massive Facebook sell-off, Nasdaq falls 3.7% through Adam | February 3, 2022 The top line The stock market fell on Thursday — its first day down in five sessions — as investors again dumped shares in tech stocks that were under pressure after Facebook parent Meta Platforms reported lackluster earnings and warned […]