SNAP - What's Going On With Snap Stock Today? | Benzinga
Snap Inc (NYSE:SNAP) shares got a lift in premarket trading Wednesday before pulling back and turning negative after the open. Here’s a look at what’s going on.
What To Know: Snap shares got a boost early Wednesday after Congress passed a bill to ban or force a sale of popular social media platform TikTok, per several reports.
The U.S. Senate approved the bill 79 to 18 as part of an aid package for Israel, Ukraine and Taiwan. The proposal is being sent to President Joe Biden's desk, and is expected to be signed this week.
Once signed, parent company ByteDance will have approximately nine months to sell TikTok. If the company fails to divest the popular app within that time, it will face a national ban. The lawmakers pushing to implement restrictions on TikTok have cited concerns that ...