Per Business Insider
Gene Muster: "... I think Meta will come back into the spotlight and have to answer the same questions that TikTok was asked."
3/29/2023
Recently, the CEO of TikTok was heavily questioned by the US Congress, and according to Gene Muster, the same fate could happen to Meta should TikTok be banned. He noted that Meta might have to answer the same questions that the TikTok CEO was asked.
Munster: "When TikTok gets banned I think Meta will come back into the spotlight and have to answer the same questions that TikTok was asked."
Gene Munster of Deepwater Asset Management was interviewed by CNBC and, within that discussion, was asked to talk more about his thoughts on how Shou Chew, the CEO of TikTok, was questioned by congress.
During the congressional hearing, Chew argued against a potential ban on TikTok or forcing them to sell the app to a US company. As a response, the TikTok CEO also drew a comparison between their app and other apps owned by American companies.
Munster gave a statement regarding what it would be like should the situation change. Since TikTok is a Chinese company, Munster questioned what would happen if US companies faced the same retaliation in China, highlighting the risk.
Munster: "Tesla and Apple and Nike — they're all pinned to this five and half hours of hearings today."
Aside from commenting on what would happen should the situation be reversed, Munster also spoke about how the potential ban of TikTok could be bad for the relationship between US and China.
Munster: "The reality is this is much bigger than TikTok. This is about US-China relations, and a banning of TikTok is going to be negative for US-China relations. I think it will intensify some of the separation that's there,"
Towards the end of 2022, it was reported that TikTok supposedly spied on Forbes journalists. This led to the termination of four employees of the app.
When questioned by Congress, the CEO of TikTok said that the app itself was not available in mainland China and that it was headquartered in Los Angeles and Singapore.
See flow at unusualwhales.com/flow.
Other News:
Elon Musk has said he is back
5/24/2025 11:31 PMNvidia, NVDA, to launch cheaper Blackwell AI chip for China after US export curbs
5/24/2025 11:25 PMRay Dalio has said the risks from U.S. credit downgrade ‘are greater than the rating agencies are conveying’
5/23/2025 7:39 PMU.S. economy is experiencing ‘death by a thousand cuts’, Deutsche Bank has said
5/23/2025 7:37 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.