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With President Donald Trump now back in office following his inauguration ceremony on Monday, Yahoo Finance anchor Brad Smith examines how the social media landscape stands to gain from Trump's return to office. He notes the combined market cap and collective active users on platforms like Reddit (RDDT), Snapchat (SNAP), Alphabet's YouTube (GOOG, GOOGL), and Meta Platforms' Facebook and Instagram (META).
Smith reviews a variety of social media news, especially after TikTok's US operations were restored early Monday.
Trump transferred the entirety of his $4 billion stake in Trump Media & Technology Group (DJT, DJTWW) — which owns Truth Social — to a revocable trust in December.
Meta CEO Mark Zuckerberg recently came under fire by his employees for ending his social media platforms' fact-checking policy. Washington Post Staff Writer Naomi Nix noted this as a move for Zuckerberg to "appease Trump" ahead of his return to office.
Catch Yahoo Finance recap the notable Silicon Valley CEOs in attendance at Trump's inauguration.
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This post was written by Luke Carberry Mogan.