Meta shares hit record high after US appeals court upholds TikTok ban
1 month ago

Meta shares hit record high after US appeals court upholds TikTok ban

The Hindu  

Shares of Facebook-owner Meta Platforms hit a record high on Friday after a U.S. appeals court upheld a law requiring China-based ByteDance to divest its popular short video app TikTok by early next year or face a ban. Meta Platforms shares rose to an all-time record high of $629.78, and were last up 2.7% at $625.37. Meta's social media platforms, including Facebook and Instagram, compete with TikTok for users and advertising. The appeals court ruling is likely to be appealed to the full appeals court panel or the U.S. Supreme Court by ByteDance and TikTok.

History of this topic

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1 day, 19 hours ago
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5 days, 17 hours ago
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