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Meta shares rise on potential TikTok ban in U.S., closing at record alongside Amazon
Meta continued its rally on Friday, rising 2.4% and closing at a record after a federal appeals court upheld a law requiring ByteDance to sell TikTok.
Meta shares continued their extended rally on Friday, rising 2.4% and closing at a record after a federal appeals court upheld a law requiring China's ByteDance to sell TikTok or face an effective U.S. ban. Meta CEO Mark Zuckerberg joined president-elect Donald Trump at his Mar-a-Lago resort in Florida last week for a dinner, where he demonstrated the company's camera-equipped Ray-Ban specs, Fox News first reported. Zuckerberg has been talking up Meta's efforts to develop new AI products and services, which will require spending billions of dollars on Nvidia graphics processing units and the energy to run them.
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