TECH - TikTok Ban Benefits Meta And Others But US Is 'Playing A Little With Fire' Says Wedbush's Dan Ives: 'This Is A Slippery Slope' | Benzinga
Wedbush’s Dan Ives highlights the significant consequences a TikTok ban could have on major tech companies like Meta (NASDAQ:META) and Snap (NYSE:SNAP).
What Happened: On Wednesday, Ives shared insights on CNBC’s Squawk on the Street about the potential repercussions of a TikTok ban for large technology firms. Ives described the situation as a “slippery slope” and a “watershed moment,” suggesting that imposing a ban is akin to “playing a little with fire.”
When asked if Wedbush would rerate Meta and Snap higher, Ives explained that passing the bill in the House would be “incrementally positive” for other social media giants, but there is a need to wait and watch for the coming weeks.
His comments come as the U.S. House of Representatives passed a bill that could lead to a ban on TikTok if its Chinese owners do not sell the app.
.@Wedbush's @DivesTech breaks down the greater implications a TikTok ban on the table has for big tech companies like and .
"We ...