TECH - Meta Execs Mark Zuckerberg And Susan Li Tread Lightly On Impact Of TikTok Ban Or Sale: 'It Is Just Too Early' | Benzinga
Meta Platforms, Inc. (NASDAQ:META) executives, including CEO Mark Zuckerberg and CFO Susan Li, were cautious in their response to a question about the potential impact of the TikTok ban or sale on the U.S. social media landscape.
What Happened: During the company’s first-quarter earnings call on Wednesday, Li responded to a question about the TikTok ban, stating that it was too early to assess its impact on Meta’s business.
Youssef Squali from Truist Securities directed his question to Zuckerberg saying, “Mark with the upcoming ban or sale of TikTok ending to a lot earlier today, how do you think that will impact the U.S. social media landscape?”
Squali also asked, “What do you say to people who believe that this is potentially a slippery slope in terms of the government picking up winners and losers?”