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Who Wins In Tech If TikTok Gets Taken Out?

Mandeep Singh, Senior Equity Analyst, Bloomberg Intelligence

10-Mar-23 07:30

Who Wins In Tech If TikTok Gets Taken Out?

This week, the White House endorsed a bipartisan bill, known as the RESTRICT Act, that could give the President powers to ban or force the sale of foreign-owned technology platforms if they pose a national security threat. The RESTRICT Act would ensnare the TikTok app, owned by Chinese company Bytedance, which is viewed by lawmakers as a possible security backdoor for the CCP government to US data. How are investors reacting to the possibility of a ban on TikTok and which stocks could benefit? Mandeep Singh of Bloomberg Intelligence explains.

Image credit: Ascannio

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Philip See


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Categories:  marketstechnologyCorporates

Tags:  tech equitiestiktokus-china tensions





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