2 "Magnificent Seven" Stocks That Will Benefit From a TikTok Ban
After years of speculation, the U.S. government is moving forward with legislation that potentially bans TikTok, the popular short-form video social media platform owned by Chinese company ByteDance.
TikTok has roughly 150 million monthly active users in the United States, and the app is especially popular among younger users. The privately owned company generates billions in revenue and is one of the fastest-growing internet companies worldwide.
TikTok being forced to stop working for U.S. users would shake up the country's consumer entertainment and social media landscape, leaving a gaping hole in consumer and advertiser demand. The proposed legislation and its implications have left many -- including TikTok management -- confused about what might actually happen if it becomes law. Here some facts about the proposed legislation and the two Magnificient Seven stocks that stand to benefit if the Chinese application stops operating in the United States.
Source Fool.com
