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Snap, Meta stocks pop after FCC commissioner floats U.S. TikTok ban

November 2, 2022
Source: cnbc.com cnbc.com
News Snapshot:
Brendan Carr, FCC Commissioner, speaking at the State of the Net Conference 2019 at the Newseum in Washington, DC. Shares of U.S. social media companies Snap and Meta spiked on the news that a Federal Communications Commissioner said the U.S. government should ban TikTok. "I don't believe there is a path forward for anything other than a ban," Republican Commissioner Brendan Carr told Axios in an interview. Snap shares were up 6% and Meta shares were up 4% Tuesday afternoon. The comments from Carr, one of four current commissioners at the Democrat-led agency, do not necessarily signal any pending actions...
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