Tech Report: Snapchat benefits from efforts to ban TikTok
Investors are betting that Washington’s mounting scrutiny on TikTok is good news for rival Snapchat. Shares of Snapchat’s parent company surged nearly 10% on Monday and another 5% in early trading on Tuesday. The surge followed news that U.S. senators are planning to introduce legislation that could make it easier to ban their rival app, TikTok. Next-gen mobile internet featuring…