Stock Track | Snap Inc. Soars 5.2% as Potential TikTok Ban Removes Major Competitor

Stock Track

Jan 15, 2025

Snap Inc. (SNAP) shares surged 5.2% in Wednesday's pre-market trading session, as investors reacted positively to reports that rival social media platform TikTok could face a nationwide ban in the United States as early as this Sunday.

According to reports, TikTok plans to shut down its app for all U.S. users if the Supreme Court fails to block a federal ban on the Chinese-owned app. The potential ban stems from concerns over national security and data privacy risks associated with TikTok's Chinese ownership.

Analysts believe that a TikTok ban could significantly benefit Snap, as it would remove a major competitor from the U.S. social media landscape. Without TikTok's presence, Snap's Snapchat app could see an influx of users, especially among the younger demographic that has been a key target for both platforms.

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(SNAP) shares surged 5.2% in Wednesday's pre-market trading session, as investors reacted positively to reports that rival social media platform TikTok could face a nationwide ban in the United States as early as this Sunday.</p>\n\n<p>According to reports, TikTok plans to shut down its app for all U.S. users if the Supreme Court fails to block a federal ban on the Chinese-owned app. The potential ban stems from concerns over national security and data privacy risks associated with TikTok's Chinese ownership.</p>\n\n<p>Analysts believe that a TikTok ban could significantly benefit Snap, as it would remove a major competitor from the U.S. social media landscape. Without TikTok's presence, Snap's Snapchat app could see an influx of users, especially among the younger demographic that has been a key target for both platforms.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Snap Inc. 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Soars 5.2% as Potential TikTok Ban Removes Major Competitor\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-15 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Snap Inc. (SNAP) shares surged 5.2% in Wednesday's pre-market trading session, as investors reacted positively to reports that rival social media platform TikTok could face a nationwide ban in the United States as early as this Sunday.</p>\n\n<p>According to reports, TikTok plans to shut down its app for all U.S. users if the Supreme Court fails to block a federal ban on the Chinese-owned app. The potential ban stems from concerns over national security and data privacy risks associated with TikTok's Chinese ownership.</p>\n\n<p>Analysts believe that a TikTok ban could significantly benefit Snap, as it would remove a major competitor from the U.S. social media landscape. Without TikTok's presence, Snap's Snapchat app could see an influx of users, especially among the younger demographic that has been a key target for both platforms.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNAP","symbol_name":"Snap Inc","start_time":0,"source_url":"","article_id":"1175452369","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175452369","pubTimestamp":1736951814,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Snap Inc.  shares surged 5.2% in Wednesday's pre-market trading session, as investors reacted positively to reports that rival social media platform TikTok could face a nationwide ban in the United States as early as this Sunday.According to reports, TikTok plans to shut down its app for all U.S. users if the Supreme Court fails to block a federal ban on the Chinese-owned app. The potential ban stems from concerns over national security and data privacy risks associated with TikTok's Chinese own","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNAP":"Snap Inc"},"translate_title":"由于潜在的TikTok禁令消除了主要竞争对手，Snap公司股价飙升5.2%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNAP":1},"content_text":"Snap Inc. (SNAP) shares surged 5.2% in Wednesday's pre-market trading session, as investors reacted positively to reports that rival social media platform TikTok could face a nationwide ban in the United States as early as this Sunday.\nAccording to reports, TikTok plans to shut down its app for all U.S. users if the Supreme Court fails to block a federal ban on the Chinese-owned app. The potential ban stems from concerns over national security and data privacy risks associated with TikTok's Chinese ownership.\nAnalysts believe that a TikTok ban could significantly benefit Snap, as it would remove a major competitor from the U.S. social media landscape. 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