Meta's stock advanced as much as about 3% on Thursday morning. It would be like Christmas coming early for Meta, which is looking to boost engagement of its rival service, Instagram Reels. Zuckerberg has much to gain from a TikTok ban. Ives said he places the odds of a spinoff or shutdown below 50% because the move could face similar legal issues that the Trump administration encountered in 2020. It's not the first time US politicians have threatened to ban the app, but the Biden administration's rhetoric around the issue has appeared to "sharpen," Wedbush tech analyst Dan Ives told Insider. While a spokesperson for TikTok said divesting the video-sharing app from its Chinese owner would not address national security concerns, the company's leadership is actively discussing the possibility, Bloomberg reported, citing sources familiar with the matter. On Wednesday, the social media company confirmed that the Biden administration had given TikTok's owner ByteDance an ultimatum - sell your shares in the app or face a ban in the US. Mark Zuckerberg and Meta are likely quietly celebrating the news that the US government is once again threatening to ban TikTok. Account icon An icon in the shape of a person's head and shoulders.
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