TikTok, the Chinese-owned social media app, went dark for U.S. users ahead of a federal law banning it from the country, prompting a message about the ban and a potential solution from President Trump. Apple and Google removed TikTok from their app stores, leading to uncertainty and potential penalties for violating the law. Despite legal challenges and last-minute pleas, TikTok faced a blackout as the deadline approached, impacting millions of users and creators on the platform.
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Why Deckers Outdoor Stock Jumped Today
Shares of Deckers Outdoor (NYSE: DECK), known for brands like Hoka and UGG, rose by 11.7% after the company reported better-than-expected first-quarter results, alleviating investor concerns following a significant stock decline earlier in the year due to tariff fears and weakening consumer sentiment. The positive results reaffirmed confidence in the company's growth trajectory. Want More Context? 🔎
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