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Snap Stock Jumps 7% After Trump Official Hints at US Ban of TikTok

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thewrap.com

noted. Snap’s previous trading high was roughly $19 per share on February 3.TikTok, which established an office in Culver City this January, is owned by Beijing-based Bytedance — and has long raised alarms with national security and privacy experts for its ties to the Chinese government.In a Fox News interview on Monday, Pompeo said the administration was considering an outright ban on apps developed in China. “We are taking this very seriously.

We are certainly looking at it,” Pompeo said. The Trump administration has not yet officially banned TikTok, which has proved immensely popular in the United States but also globally.

More than 2 billion people worldwide have downloaded TikTok, according to analysts at SensorTower.Also Read: Ramy.

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