Senate just passed the potential TikTok ban bill. Calls on META

Posted: Apr 24, 2024

- Former Treasury Secretary Steven Mnuchin is forming a consortium to buy TikTok. - The Chinese government is signaling that it won't allow a forced sale of TikTok, limiting options for its owners. - Chinese officials have criticized the U.S. for targeting TikTok and signaled to ByteDance that they would rather see the app banned in the U.S. than sold. - The House passed a bill that would ban TikTok in the U.S. or force its sale to a non-Chinese owner. - Senate passed bill requiring TikTok to sell itself or be banned - Unlikely for a US company to buy TikTok - China criticized the bill and will block potential sale - IG reels is TikTok's only competitor, user base is growing - It's time to buy calls for META (company related to IG reels) - META's stock has gone down, opportunity to buy low - Senate passage of bill was unexpected, META hasn't reacted yet - Redditor is going all in on META stock with specific call options.





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