2024-04-24 09:46:27 ET
Over the last few weeks, members of Congress have been quarreling over legislation that would ban social media app TikTok in the U.S .
At a high level, concerns over user security on the China-owned app have lawmakers at a regulatory crossroads. As some media pundits and economists speculate on TikTok's future, it's natural to wonder if competing social media platforms could benefit from a ban.
Let's dig into what is going on from a legislative perspective, and assess why I see Meta Platforms (NASDAQ: META) as a big winner regardless of TikTok becoming banned in the U.S.
For further details see:
Does the TikTok Ban Make Meta Stock a Buy?