💰 Google, Meta, and Snap would be the biggest winners if TikTok is banned, with shares set to rise on billions in new ad revenue, CFRA says

TL;DR

"Shares of select social media companies could have room to rise on a potential TikTok ban that could be gaining traction from Congress," senior equity analyst Angelo Zino at CFRA wrote in a research note published Tuesday.  TikTok, known for delivering viral content through short videos, looks set to rake in $7 billion in US revenue this year and about $9 billion-$10 billion in 2024, CFRA said.   "For META, its scale may not make it a huge beneficiary immediately, but it will be a major beneficiary of TikTok just exiting its most important market

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