Snap shares are trading higher after Montana Governor Greg Gianforte signed a bill banning TikTok in the state.
Portfolio Pulse from Benzinga Newsdesk
Montana Governor Greg Gianforte signed a bill banning TikTok in the state, leading to a rise in Snap shares.
May 18, 2023 | 7:14 pm
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Snap shares are trading higher after Montana bans TikTok.
The ban on TikTok in Montana creates an opportunity for Snap to gain users and market share in the state. This positive development for Snap has led to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100