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Talks of a potential TikTok ban have heated up after CEO Shou Chew testified on Capitol Hill last week. But if a ban were to happen - and not everyone is convinced it will - which tech platform stands to benefit most? "We had pegged Snap (SNAP) as the biggest beneficiary out there," says CFRA Research Senior Equity Analyst Angelo Zino. "It's a name we think can kind of see significant improvement in DAUs and also see some potential incremental addition on the ad side of things." Watch Seana Smith and Dave Briggs' full interview with Angelo Zino here and here. KEY VIDEO MOMENTS: 0:18 Zino says 35-40% chance TikTok gets banned in U.S. 0:43 Zino pegs Snap as biggest beneficiary
CFRA Research Senior Equity Analyst Angelo Zino discusses the impact of AI on the tech space, the latest news surrounding Apple and Disney, and the potential for a TikTok ban.
The number of children using TikTok and Snapchat rose last year in Britain, according to research published by media regulator Ofcom. Around half of those aged between 3 and 17 use TikTok and Snapchat, figures collected as part of the watchdog’s annual survey of children's and parents’ online attitudes showed. The study found a slight increase in both apps’ popularity in the past year, with TikTok now being used by 53% of children (up from 50%), and Snapchat by 46% (up from 42%).