A couple of things could happen, all of which would benefit companies that are currently banned in China
- Possible TikTok ban will start negotiations with the CCP about possibly opening up China to US companies (META, SNAP, GOOG, etc) – I can see those tickers going higher if China agrees to a framework of allowing them to operate
- TikTok gets banned – META and SNAP would reap the benefits by eliminating a formidable competitor in US and possible other western markets
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