Snap shares are trading higher amid tech weakness. The stock recently gained amid reports of support for a TikTok crackdown bill.
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. shares are experiencing an uptick despite a general downturn in the tech sector. This increase is attributed to reports indicating Snap's support for legislation aimed at regulating TikTok.
April 19, 2024 | 7:50 pm
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Snap Inc. shares are up, outperforming the tech sector, likely due to its support for a bill targeting TikTok's operations.
Snap Inc.'s stock is rising as investors react positively to the company's support for regulatory actions against a major competitor, TikTok. This move is perceived as potentially beneficial for Snap by reducing competitive pressures or aligning with broader tech regulatory trends.
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