[Special Stock] FSN Supports US Trump TikTok... Highlights Global TikTok Advertising Agency Authority Upward
FSN is showing strength. It is interpreted to be influenced by former U.S. President and Republican presidential candidate Donald Trump expressing support for the Chinese video platform TikTok.
As of 1:32 PM on the 18th, FSN is trading at 2,035 won, up 3.04% from the previous day.
In an interview with a foreign media outlet, former President Trump said, "I'm for TikTok because competition is necessary. Even without TikTok, there is Facebook and Instagram."
He has criticized Meta Platforms-owned Facebook and Instagram for suspending his accounts for two years following the January 2021 Capitol riot, and in an interview last month, he mentioned that he would not support a ban on TikTok.
Hot Picks Today
"Over 20 Times More Than Overseas": 104.5 Milli...
- "Only the Top 1% Winning Big in Stocks Smile... '300 Million Won Splurges' or '1...
- Ministry of SMEs and Startups Launches 'K-Founders Network' in India... "Expandi...
- "If an Accident Happens, Teachers Go to Jail"... The Real Reason Behind Fewer Sc...
- "Please Launch It in Korea!" After All the Hype... This Coffee Finally Arrives i...
Meanwhile, FSN is known to have a history of signing advertising agency contracts with TikTok and China as well as global contracts through its subsidiary Behave Global in 2019. It is also reported to have secured a first-class official marketing status with TikTok.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.