The rise of Tiktok: 3 trades

The "Fast Money" traders discuss social media stocks after Tiktok becomes the second most downloaded app, behind Facebook.

A bipartisan group of senators introduced legislation Tuesday that would pump more than $1 billion into developing Western 5G equipment alternatives to China’s Huawei.

Reasoning that Huawei has been “heavily subsidized by the Chinese government,” the Utilizing Strategic Allied (USA) Telecommunications Act would help Western firms compete and become a robust player in next generation communication technology, according to a press release sent by the office of Sen. Mark Warker, D-Va., a co-sponsor of the bill.

The bill comes as scrutiny of China-based companies has ramped up. Last year, the U.S. filed criminal charges in two cases against the company, seeking the extradition of its CFO, who had been arrested in Canada. The trial for her extradition will begin in Canada on Jan. 20.



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[investingwithjosephgraf]

Snapchat is one of those apps where I open it, look down an hour later and realize I've spent the last hour watching videos I don't care on bit about lol. On a real note, I wonder if they will be able to generate ad revenue to become significantly profitable.