They're not gonna do anything like that. Teenagers are addicted to it so a blanket ban would be impossible. This is basically a rumor to game the market. The news will spread which will impact the stock price, then it will turn out to be nothing important and the stock price will go up. Netting a nice chunk of change for people that were able to capitalize on the rumor. TikTok will not get banned, the company will acquiesce to any regulatory requests and continue operating as usual but now with some more oversight by US regulators.
Is this a credible source? Or does this source have a good track record in reporting things like this?
I'd think there'd be more rumbling from around the internet.
Considerably out-of-the-money options on social media companies expiring this Friday are up very substantially, so whether the source is credible or not there is money acting as if it is.