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Cynically, TikTok's troubles offer a potential boon for Snap stock. According to an eMarketer analysis, TikTok generated $12.34 billion in U.S. advertising revenue last year.
Snap CEO Evan Spiegel said the "environment of uncertainty" around TikTok is good for its business. Snap saw a boost in engagement when TikTok "went dark" last month, Spiegel told investors.
By midday Monday, Snap’s stock was up 3.4% to $12.38 per share. Those gains added to Snap’s recent run, with the company, led by CEO Evan Spiegel, seeing its stock price jump 15% in the past week.
Snap’s comparable figure is about 400 million. It is only possible to guess how many TikTok users would move to Facebook, Instagram, and Snapchat if TikTok were unavailable.
The stock price for Snap Inc., the parent company of Snapchat, jumped 8.3% on Wednesday morning, while Meta’s share price increased 3.7% as both companies look set to benefit from TikTok’s ...
Meta, Snap, and TikTok have launched a joint initiative called Thrive, aimed at combating the spread of suicide and self-harm content online by sharing "signals" to identify and address such ...
The TikTok divest-or-ban bill has come for Marvel. In a surprise side effect of the bill that forced TikTok to go dark Saturday night, the digital game Marvel Snap has also gone offline.
Marvel Snap, a popular game that was caught up in the TikTok ban, returned to the App Store today and it is once again available for download. The game was published by TikTok parent company ...
Marvel Snap publisher Nuverse is a subsidiary of TikTok owners Bytedance. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.
The Australia YouTube ban for children under 16 follows a similar move the country announced last year, which banned them ...