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4.62984397425386E-05 -0.000509282837168319 -0.000555581276910989 -0.00435205333580257 -0.0179637946201213 -0.0184267790175471 -0.0171304227047548 -0.00180563914996058
Stock impact report

TikTok deal scuttled because of Trump's tariffs on China [MSNBC.com]

Applovin Corporation - Class A (APP) 
Company Research Source: MSNBC.com
President Donald Trump on Friday said he would extend by 75 days the deadline for TikTok's owner to find a non-Chinese buyer, averting what could have been another disruption of the app.The decision came as something of a surprise, with Trump and top administration figures, including Vice President JD Vance, sounding confident that a substantive resolution would be reached this week.But that was beforeTrump's sweeping tariffsByteDance, the Chinese company that owns TikTok, must find a non-Chinese buyer for the app or else it will be banned under a law passed in 2024. Trump had previously delayed the app’s ban via executive order on his first day in office, effectively giving ByteDance until April 5 — Saturday — to comply with the law."My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress," he wrote in aTruthSocial postByteDance has previously said it did not plan to sell TikTok. It has largely remained silent about whether it is in Show less Read more
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