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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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