Core Viewpoint - The delay in enforcing a ban on TikTok benefits Snap, as it reduces competition in the social media space, allowing Snap's stock to rise while the broader market declines [1][6]. Group 1: Snap's Market Performance - Snap's stock closed more than 3% higher, contrasting positively with the slight decline of the S&P 500 index [1]. - The delay in TikTok's ban makes Snap's equity appear more attractive to investors [1][6]. Group 2: TikTok's Regulatory Situation - President Trump issued an executive order extending the delay in enforcing a law that effectively bans TikTok, with the new deadline set for December 16 [2][4]. - U.S. and Chinese officials have agreed on a "framework" for a deal that may transfer TikTok's U.S. operations to domestic companies [4]. Group 3: Potential Ownership Structure of TikTok - Reports indicate that TikTok's U.S. operations may be handed over to a consortium including Oracle, Silver Lake Technology Management, and Andreessen Horowitz, with approximately 80% ownership by U.S. investors [5].

Group 1 - Snap Inc. has experienced a significant decline, down over 40% in the past year [1] - The company faces challenges from the rise of TikTok and changes in Apple's privacy policy [1] - Despite these headwinds, there are indications of recent positive developments for Snap Inc. [1]

Group 1 - The core point of the article highlights the significant impact of TikTok on Instagram, revealing that Instagram's core functionalities have suffered due to strong competition from TikTok [1] - An internal analysis report submitted to the board indicates that Instagram's usage time for its feed and Stories features is projected to decline by 5% compared to 2019, with a cumulative decline potentially reaching 16% by 2023 [1] - This shift in user behavior has resulted in a revenue gap of $3.6 billion for Instagram, as the feed and Stories features contributed over 90% of the platform's revenue in 2020 [1] Group 2 - Instagram generated $22 billion and $32.4 billion in advertising revenue in 2020 and 2021, respectively, but the rise of TikTok is undermining the growth foundation of this core business [1] - In response to the challenges posed by TikTok, Meta has launched the short video feature Reels, aiming for Reels' user engagement to reach half of TikTok's 2020 level by 2024, which translates to an average of 77 minutes per daily active user, potentially generating $6 billion in revenue [1]