Trump administration official has confirmed that Amazon has put in a bid to buy TikTok

A member of the Pres. Trump administration has officially confirmed that Amazon as put in a bid to buy TikTok.

Shares of Amazon are currently up $5.39 at $197.52. That is just off the high of $197.64. Amazons 200 day moving average is getting closer at $200.31. Last week the price moved above that moving average on its way to a high near $206.21 but gap lower on Friday's trade and extended to new 2025 below at $184.40 before rebounding modestly yesterday and much more today.

Meta shares which fell to a low off the initial reports to a low of $573.36, have since rebounded, and their shares are now up $5.50 or 0.94% at $591.10.