![]() While Wall Street analysts have been speculating that rivals such as Alphabet Inc.’s YouTube or Meta Platforms could benefit more from a potential TikTok ban, Snap has underperformed peers. Snap shares have been battered amid rising competition in short-form video platforms and a gloomy market for digital ad spending. Pinterest Inc., which competes with Snap for digital advertisements, gained 1.1% while Facebook owner Meta Platforms Inc. Monday’s gain pushed Snap shares above the 200-day moving average for the first time since 2021, according to data compiled by Bloomberg. ![]() The Snapchat owner rose 9.5% after US Senate Intelligence Committee Chairman Mark Warner told Fox News on Sunday that he plans to introduce a bill this week to allow the US to ban Chinese technology, including the social media service owned by ByteDance Ltd. ![]()
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