American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Donald Trump ‘likes TikTok and plans to save it,’ says Rich Greenfield

by admin January 18, 2025
January 18, 2025
Donald Trump ‘likes TikTok and plans to save it,’ says Rich Greenfield

LightShed Partners co-founder Rich Greenfield remains convinced that TikTok will continue to operate in the United States and that too under the ownership of China-based ByteDance.

His comment follows an announcement from the Biden Administration that it doesn’t plan on enforcing the ban on TikTok that was originally due to go into effect on Sunday – leaving the matter of enforcement to the incoming government of Donald Trump.

And recent developments have made it clear that Trump “likes TikTok and he’s going to save it,” Greenfield said in an interview with CNBC on Friday.

What could Trump do to save TikTok?

Rich Greenfield expects Donald Trump to invoke Article 2 which states “In international or foreign affairs, the president’s powers supersede Congress.”

The President-elect will designate TikTok a foreign affair to “put an executive order, saying this [congressional ban] does not apply,” he added this morning on “Squawk Box”.

Note that Shou Zi Chew – the chief executive of TikTok has already disclosed plans to attend Trump’s inauguration.

On Monday, he’ll be sitting on the dais with the President-elect.

This suggests Donald Trump “wants TikTok to exist, he uses it very aggressively,” according to LightShed’s Greenfield.

Is TikTok a national security threat?

Speaking with Andrew Ross Sorkin of CNBC today, the co-founder of LightShed Partners also argued that TikTok may not be a national security risk after all – at least for now.

He based his view on the government’s filings that suggest there’s no evidence of “manipulation of the algorithm or spying on US citizens to date by China.”

Despite broader security concerns, Americans seem to be in the same league as Donald Trump.

The renowned platform for short videos has well over 100 million monthly active users in the United States – a number that’s expected to surpass 120 million by 2027.  

TikTok generates billions of dollars worth of revenue every year from the US as well.

Who could benefit if TikTok is banned?

On the flip side, if TikTok does indeed shut down in the US – a bunch of other social platforms could meaningfully benefit over the long term, as per Morgan Stanley analyst Brian Nowak.

These include Pinterest, Snap, Reddit, and even the tech titans like Meta Platforms and Alphabet Inc.

The Facebook owner could see up to a 60 cents boost to its per-share earnings in 2026 and YouTube could benefit from as much as $750 million in incremental revenue for every 10% of TikTok’s US time either of them captures.

Morgan Stanley expects advertising software companies AppLovin and Trade Desk to benefit from a US ban on TikTok as well. Shares of the former have already soared more than 700% since the start of 2024.

The post Donald Trump ‘likes TikTok and plans to save it,’ says Rich Greenfield appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
What did Trump and China’s Xi discuss during their ‘very good’ phone call?
next post
Supreme Court upholds TikTok divestment order: Will ByteDance comply or face a US ban?

Related Posts

Etsy stock price analysis: in trouble, but a...

October 6, 2024

Long TAP: Molson Coors’ Robust Earnings and Strategic...

February 25, 2025

Norway’s $1.8 trillion fund surges 13% on tech...

January 29, 2025

Interview: Typhon Capital’s James Koutoulas on commodities, crypto,...

February 18, 2025

Meta resumes AI training using public social media...

September 14, 2024

Solana price at risk: Can Pump.fun’s AMM pools...

February 24, 2025

Top 3 best ETFs for value investors in...

December 21, 2024

Consumer advocates and realtors hail NAR settlement: What it...

March 27, 2024

Who could buy TikTok in the US? Top...

January 25, 2025

What can we expect in 2025? Ipsos survey...

December 25, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • FBI raid on John Bolton’s home in Washington linked to classified documents

      August 25, 2025
    • Argentine senate deals blow to Milei’s austerity agenda with university budget boost

      August 25, 2025
    • Jackson Hole Symposium: what Powell said about economic effects of Trump’s tariffs

      August 25, 2025
    • At Jackson Hole, Fed Chair Powell signals possible cuts while warning of uncertainty

      August 25, 2025
    • Trump threatens to fire Fed Governor Lisa Cook amid mortgage fraud allegations

      August 25, 2025

    Categories

    • Business (3,763)
    • Investing (2,783)
    • Latest News (2,048)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved