Meta Eyeing “Events Related To TikTok Closely” But Too Early To Talk Impact Of Possible Ban, CFO Says
deadline.comMeta (formerly called Facebook) pretty much ignored the social media elephant in the room today on a post-earnings conference call, with chief financial officer Susan Li saying it’s too early to discuss what just happened in Washington, D.C.
President Biden has signed into law a bill that would force TikTok’s Chinese parent company to divest the hugely popularU.S.
app within about nine months or risk it being banned. TikTok said it will take the fight to the courts. “We’ve obviously been following the events related to TikTok closely,” said Li (although the question had been directed to Meta CEO and founder Mark Zuckerberg). “But at this stage it is just too early, I think, to assess its impact or what it would mean to our business.” Donald Trump’s White House also took a swing at TikTok through CFIUS (Committee on Foreign Investment in the United States) but ultimately backed off.
Oracle has been acting as the data center for U.S. TikTok users. In a competitive landscape, social media rivals weren’t above gloating a bit last time around although not thrilled with government intervention in their market.
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