Deepwater's Doug Clinton Counters Gene Munster's View, Says TikTok's 'Most Likely Outcome Is A Sale'
Portfolio Pulse from Ananya Gairola
Deepwater Asset Management's Doug Clinton and Gene Munster discussed the potential outcomes of the TikTok ban in the U.S., with differing views on whether a sale is the most likely outcome. The House of Representatives passed a bill that could force TikTok's sale or face a ban, now headed to the Senate. Former President Donald Trump opposed the ban, citing benefits to Meta Platforms Inc (META). President Joe Biden is ready to sign the bill.
March 15, 2024 | 9:20 am
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Former President Donald Trump voiced opposition to a TikTok ban, citing benefits to Meta Platforms Inc (META), suggesting a ban could positively impact META.
The opposition to the TikTok ban by Trump, citing benefits for Meta Platforms, suggests that a ban or sale of TikTok could drive users towards platforms like Facebook, potentially boosting META's user engagement and stock price in the short term.
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RELEVANCE 70