Who Wins In Tech If TikTok Gets Taken Out?
Mandeep Singh, Senior Equity Analyst, Bloomberg Intelligence
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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: markets, technology, Corporates
Tags: tech equities, tiktok, us-china tensions,