Snap shares are trading higher amid reports of the TikTok divest-or-ban bill moving on a fast track through Congress.
Portfolio Pulse from Benzinga Newsdesk
Snap shares are trading higher amid reports of the TikTok divest-or-ban bill moving on a fast track through Congress.
April 17, 2024 | 5:35 pm
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Snap shares are experiencing an increase in value due to the potential regulatory actions against TikTok, which could reduce competition.
The potential divestment or ban of TikTok by the U.S. Congress is seen as a positive development for Snap, as it could lead to reduced competition in the social media space. This perception is likely driving the increase in Snap's share price in the short term.
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IMPORTANCE 75
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