The SNAP stock price reflected favorable outcomes as the rising anti-China sentiment is increasing the likelihood of banning TikTok. The White House ordered federal agencies that they have a deadline of 30 days to remove TikTok from all devices issued by the federal government. SNAP stock price saw an uplift after TikTok, owned by ByteDance, sparked concerns of data sharing with the Chinese government. SNAP stock price elevated by more than 25% after the US lawmakers prepared legislation for banning TikTok in the States. 3 Snap stock price is observed to face rejection near the third level of retracement.
2 Snap stock price showed dramatic impact as it broke the declining streak.1 Snap stock price rose by more than a quarter percentage due to rumors of TikTok ban.
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