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Meta Platforms: Difference between revisions
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== Competition == | == Competition == | ||
On March 1 2022, the Deterring America’s Technological Adversaries(DATA) bill that would give Joe Biden the authority to ban TikTok was passed by the U.S. House Foreign Affairs Committee today. CNBC notes that "legislation passed the Republican-controlled committee along party lines, with unanimous GOP support and no Democratic votes." Its next steps will be decided by House Republican leadership, which determines which bills get a vote on House Floor. However, despite this legislation, legislators will still have a long way to go before TikTok is ban. However, a US spin off of TikTok remains a possibility and will still benefit the likes of Meta as Needham analyst, Laura Martin notes that TikTok will be a weakened competitor and will experience a period of uncertainty<ref>https://www.cnbc.com/2023/03/01/new-tiktok-ban-bill-passes-key-house-committee-on-a-party-line-vote.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1677684473 | On March 1 2022, the Deterring America’s Technological Adversaries(DATA) bill that would give Joe Biden the authority to ban TikTok was passed by the U.S. House Foreign Affairs Committee today. CNBC notes that "legislation passed the Republican-controlled committee along party lines, with unanimous GOP support and no Democratic votes." Its next steps will be decided by House Republican leadership, which determines which bills get a vote on House Floor. However, despite this legislation, legislators will still have a long way to go before TikTok is ban. However, a US spin off of TikTok remains a possibility and will still benefit the likes of Meta as Needham analyst, Laura Martin notes that TikTok will be a weakened competitor and will experience a period of uncertainty<ref>https://www.cnbc.com/2023/03/01/new-tiktok-ban-bill-passes-key-house-committee-on-a-party-line-vote.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1677684473 | ||