- 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.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.And the Department of Justice is the one leading negotiations over a security deal, The New York Times reported in September.TikTok has maintained that it stores U.S. user data outside of China so that it would not have to turn over that information to the government, but U.S. officials have maintained their skepticism."Commissioner Carr has no role in the confidential discussions with the U.S. government related to TikTok and appears to be expressing views independent of his role as an FCC commissioner," a TikTok spokesperson said a statement."