The concern for U.S. officials is that the Chinese government might have access to American users' data on TikTok and that it poses a potential security risk.
If the government prevails in court and the popular social media platform is no longer available in the U.S., that could effectively remove a big competitor for several other companies.
Meta CEO Mark Zuckerberg has admitted in the past that TikTok is a "very effective competitor." Meta has recovered somewhat from that 2022 scare and continues to be a leading social media company.
Last month, Meta posted strong results, with revenue totaling $36.5 billion for the first three months of the year, a rise of 27% from the same period last year.
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