Apple and Google instructed by House committee to prepare to dump TikTok next month
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The House Select Committee on the Chinese Communist Party has instructed Apple and Alphabet to prepare to remove TikTok from their platforms following a decision by the U.S. Court of Appeals in Washington, D.C.

December 13, 2024 | 7:45 pm
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NEGATIVE IMPACT
Apple has been instructed by a House committee to prepare to remove TikTok from its platform, following a U.S. Court of Appeals decision.
The instruction to remove TikTok could impact Apple's App Store revenue and user engagement, as TikTok is a popular app. This regulatory pressure may lead to short-term stock price volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet has been instructed by a House committee to prepare to remove TikTok from its platform, following a U.S. Court of Appeals decision.
The potential removal of TikTok could affect Alphabet's Google Play Store revenue and user engagement, as TikTok is widely used. This regulatory issue may cause short-term stock price fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80