3:12 PM · 7 March 2023

USA likely to ban TikTok? Snap shares rise in premarket

Senator Mark Warner has conveyed that a cross-party group of 12 U.S. senators will introduce legislation today giving the U.S. Secretary of Commerce new authority to impose a complete ban on TikTok, owned by privately held Chinese conglomerate ByteDance.

  • In recent years, TikTok's policies have repeatedly attracted the attention of U.S. regulators, citing privacy and data processing issues. The discussion of a viable ban on the platform comes as relations between Washington and Beijing have cooled again following incidents involving a Chinese balloon and an American visit and sale of hundreds of millions of dollars worth of F-16 munitions to Taiwan;
  • Potentially, the TikTok ban will increase U.S. market share for rival platforms especially Snap (SNAP.US), Meta Platforms (META.US) and Alphabet (GOOGL.US), which could benefit the stocks of these companies.

Snapchat (SNAP.US), Meta Platforms (yellow color) and Alpahbet (purple color) stocks, D1 interval. Source: xStation5

11 September 2026, 3:01 PM

US OPEN: Rebound on Wall Street despite higher Supercore inflation and a jump in yields

11 September 2026, 2:08 PM

Oracle earnings: Good, but it could have been better.

11 September 2026, 12:24 PM

Adobe Delivers Strong Results, but Falls Short of Expectations. The Market Fears the Impact of AI

10 September 2026, 7:01 PM

Daily Summary: Indices Pull Back Under Pressure from Oil Prices

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits