But one business on his list could genuinely be considered as a risk to Facebook (FB)
and it wasn’t called Amazon (AMZN)
, Apple (AAPL)
or Google (GOOGL)
“The fastest growing app,” Zuckerberg stated in his opening remarks at the hearing, “is TikTok.”
That might not hold true for long.
Late Friday night, President Donald Trump stated he will ban the popular short-form video app
from running in the UnitedStates The Trump administration had formerly stated it was thinking about a ban in the middle of increased stress in between the United States andChina (TikTok, for its part, says
it’s not going anywhere.)
Ever given that the 2016 United States election, there has actually been a growing agreement on Capitol Hill that Silicon Valley requires to be checked, with Democrats indicating issues about the most significant business’ market power and material small amounts defects and Republicans concentrating on an understanding of anti-conservative predisposition on the platforms.
Shortly prior to the antitrust hearing started on Wednesday, Trump tweeted: “If Congress doesn’t bring fairness to Big Tech, which they should have done years ago, I will do it myself with Executive Orders.”
But Trump’s choice to ban TikTok outright, which comes more than a month after tens of thousands of TikTok users trolled the Trump campaign
by scheduling tickets for a Tulsa rally they did not participate in, might just make …