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Snap, Meta shares pop after FCC commissioner says U.S. should ban TikTok

2022-11-02 09:48:18       source:CNBC

November 1, 2022

Shares of U.S. social media companies Snap and Meta spiked on the news that a Federal Communications Commissioner said the U.S. government should ban TikTok.

“I don’t believe there is a path forward for anything other than a ban,” Republican Commissioner Brendan Carr told Axios in an interview.

Snap shares rose 3.4% and Meta shares were up 2.2% Tuesday.

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