{"id":84183,"date":"2023-03-16T00:22:49","date_gmt":"2023-03-16T04:22:49","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84183"},"modified":"2023-03-16T00:23:15","modified_gmt":"2023-03-16T04:23:15","slug":"snap-and-meta-stock-surges-on-report-that-biden-may-ban-tiktok","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2023\/snap-and-meta-stock-surges-on-report-that-biden-may-ban-tiktok.html","title":{"rendered":"Snap and META stock surges on report that Biden may ban TikTok"},"content":{"rendered":"\n<p>(CNBC) Shares in social media companies <a href=\"https:\/\/www.cnbc.com\/quotes\/SNAP\/\">Snap<\/a> and <a href=\"https:\/\/www.cnbc.com\/quotes\/META\/\">Meta<\/a> jumped in after-hours trading on Wednesday after the Biden administration was reported to be considering banning TikTok in the U.S. unless Chinese tech giant ByteDance divests its stake. Snap shares surged nearly 7% while Meta shares rose more than 2% after The Wall Street Journal <a rel=\"noreferrer noopener\" href=\"https:\/\/www.wsj.com\/articles\/u-s-threatens-to-ban-tiktok-if-chinese-founder-doesnt-sell-ownership-stake-36d7295c\" target=\"_blank\">reported<\/a> that TikTok faces a possible ban in the U.S. if ByteDance fails to comply with the Biden Administration\u2019s proposition.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/03\/15\/snap-meta-stocks-rise-on-report-that-biden-may-ban-tiktok.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Shares in social media companies Snap and Meta jumped in after-hours trading on Wednesday after the Biden administration was reported to be considering banning TikTok in the U.S. unless Chinese tech giant ByteDance divests its stake. Snap shares surged [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84183","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84183"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84183\/revisions"}],"predecessor-version":[{"id":84184,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84183\/revisions\/84184"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}