Talks of a potential TikTok ban have heated up after CEO Shou Chew testified on Capitol Hill last week. But if a ban were to happen – and not everyone is convinced it will – which tech platform stands to benefit most?
“We had pegged Snap (SNAP) as the biggest beneficiary out there,” says CFRA Research Senior Equity Analyst Angelo Zino. “It’s a name we think can kind of see significant improvement in DAUs and also see some potential incremental addition on the ad side of things.”
KEY VIDEO MOMENTS:
0:18 Zino says 35-40% chance TikTok gets banned in U.S.
0:43 Zino pegs Snap as biggest beneficiary