Meanwhile, TikTok, which launched in just 2017, is similar to Vine in that it allows users to create 10 to 60-second looping videos that can be seen on their profiles or can be algorithmically placed on feeds of users with similar interests or demographics. This platform leads to users creating content that is more lighthearted on uncensored than other more public-facing platforms. Unlike most other apps, Snapchat content expires either immediately or after 24 hours. Snapchat, which launched in 2011, allows users to create video-based stories about their lives and send video or image-based messages to their friends. They also feel more niche and non-traditional than older platforms, like Facebook or Twitter.
They allow users to express their creativity with short mobile videos while attracting Gen Z and millennial audiences. For example, the stock is already up 3.8% on Thursday morning without a ban even in place.Since then, we've seen apps like Snapchat, Instagram’s Reels feature, and TikTok fill its void. Investors in SNAP stock will want to keep an eye on the recent TikTok news considering how it could affect shares. This makes it so the app is no longer allowed on government devices. is also coming down on the Chinese video-sharing app with a new ban.
that’s taking a stance against TikTok, either. That bill is currently in the Senate and would grant the Biden Administration the power to ban the app. What’s different this time around is a new bill that could help ban TikTok in the United States.
Former President Donald Trump tried to ban the app as well via an executive order, but it was challenged in court. The Battle Against TikTokĬoncerns about the influence that TikTok has over social media have been growing for years now.
However, ByteDance argues that a change of ownership wouldn’t alter the potential security threats the government is arguing against. To avoid the ban, the Biden Administration is requiring ByteDance, a major Chinese tech company, to divest its stake in TikTok. If that happens, other social media services like Snap could benefit from the ban. Insiders claim that President Joe Biden and his administration are considering banning TikTok as it represents a security threat to the United States. Snap (NYSE: SNAP) stock is on the move Thursday as talk of a TikTok ban rekindles interest in the social media app.
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