Reported 20 days ago
Meta Platforms' stock reached a record high following a U.S. appeals court's decision to uphold a law requiring TikTok's divestment or ban. Despite the looming threat to TikTok, advertisers are holding their ground, with plans for potential contingencies in case of a shutdown. If TikTok is banned, Meta and other platforms like YouTube stand to capture a significant portion of its ad revenue, while the uncertainty continues to affect small businesses and content creators relying on the app.
Source: YAHOO