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Social media stocks drop as Trump reportedly considers saving TikTok from ban

2025/01/16 3

Investing.com — Shares of various social media companies experienced a decrease in extended trading on Wednesday after the Washington Post reported that President-elect Donald Trump is contemplating issuing an executive order to prevent a ban on TikTok once he assumes office.

Following this news, a number of social media companies saw their shares fall.

Meta Platforms (NASDAQ:META) experienced a 1.7% drop, Snap shares fell by 3.2%, Pinterest (NYSE:PINS) saw a decrease of 0.7%, and Alphabet (NASDAQ:GOOGL)’s shares went down by 0.5%.

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