Gene Muster: "... I think Meta will come back into the spotlight and have to answer the same questions that TikTok was asked."
Per Business Insider
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.
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