Following a report from the Washington Post stating that President-elect Donald Trump is considering issuing an executive order to prevent a ban on TikTok, shares of various social media companies dropped in extended trading on Wednesday.
Meta Platforms (NASDAQ:) experienced a 1.7% decline, Snap shares fell by 3.2%, Pinterest (NYSE:) saw a decrease of 0.7%, and Alphabet (NASDAQ:) saw a 0.5% drop in their shares.
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