Instagram announced a new video editing app, called Edits, on the same day that rival video service TikTok briefly went dark in response to a federal ban. X also touted the launch of a dedicated video tab in its mobile app.

The new Meta Platforms Inc. app, which won’t be available until February, will offer “a full suite of creative tools,” according to a post on Sunday from Adam Mosseri, the head of the social media platform. People can use Edits to store video drafts, edit clips and add features like green screens, overlays and transitions, according to a Meta spokesperson.





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For months, Instagram has watched and waited to see what would happen to rival TikTok under a new federal law that would ban the app in the United States. On Sunday, the day that law took effect, Instagram pounced.

The social media app, which is owned by Meta, announced a new app called Edits, a video-editing product that appeared to be a clone of CapCut, which is used by millions of people to stitch together short videos for TikTok. CapCut and TikTok are owned by ByteDance, the Chinese internet giant, which led to U.S. scrutiny of the apps for national security reasons.

“There’s a lot going on in the world right now,” Adam Mosseri, head of Instagram, said in a post to the platform on Sunday. “No matter what happens, we think it’s our job to make the most compelling creative tools for those of you who create videos.”

TikTok and its sister apps, CapCut and Lemon8, have long given U.S. social media apps a run for their money. TikTok has 170 million U.S. users and it had said in legal filings that it could not afford to go dark even temporarily because it would suffer a competitive disadvantage in one of its biggest markets.

Late Saturday, hours before the federal law banning TikTok was set to take effect, TikTok, CapCut and Lemon8 became unavailable, though TikTok flickered back to life on Sunday as President-elect Donald J. Trump said he planned to issue an executive order this week to stall the ban.

TikTok’s competitors have not waited to make hay from the situation. Mr. Mosseri described Edits as designed specifically for creators to edit video on their phones and to save ideas for other videos that they might want to post later.

Mr. Mosseri said creators could use Edits to work on videos and post them to any platform they wanted, not just Instagram. Influencers often used CapCut to work on videos and post them to multiple platforms, including TikTok, Instagram and YouTube.

Mr. Mosseri said people could preorder Edits in the Apple App Store starting Sunday and that the app would be available for Android in February.

Mark Zuckerberg, Meta’s chief executive, has talked publicly about watching TikTok’s dilemma play out. His Silicon Valley company has hired lobbyists to make the case that American tech firms must come first, as part of winning a tech race against China.

At a meeting with employees last week, Meta’s chief marketing officer also said the company needed to prepare for a potential migration of TikTok’s users to Meta’s apps and should devote staff and other resources to those possible developments. Instagram also changed its layout for some users last week, formatting content in a vertical, rectangular shape reminiscent of TikTok.

Instagram has long angled to mimic TikTok’s success. In 2020, Instagram launched Reels, an almost exact clone of TikTok’s marquee short-form video format. Reels has grown to be one of the most popular features on Instagram and Facebook.

U.S. internet users have said they would most likely watch Instagram Reels if TikTok was banned, according to a recent survey from TD Cowen of 2,500 consumers. Reels would attract 29 percent of respondents, while 23 percent said they would spend more time on YouTube Shorts, and 15 percent would look for a new app, according to the survey.

Among advertisers, Instagram’s advantage appeared even starker, with 56 percent of ad buyers telling TD Cowen in a survey last quarter that their clients most wanted to advertise on Reels this year. Another 24 percent favored YouTube Shorts, while 20 percent preferred TikTok.

Madison Malone Kircher contributed reporting from New York.



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Today, Meta is announcing Edits: a new mobile video editing platform. This comes just hours after TikTok (and as a result, CapCut) were banned in the US – though TikTok is currently being restored, at least temporarily.

Meta has a history of sitting on new features until they’re forced to move, and this is yet another example of that. With a surprise mid-day Sunday announcement, the company unveiled Edits, a new mobile-first editing tool, meant to serve as an alternative to popular editing tool CapCut.

Adam Moserri, head of Instagram, announced the new ‘Edits’ app today on Threads, describing it as a tool for “those of you who are passionate about making videos on your phone.” He also stated that “There’s a lot going on right now, but no matter what happens it’s our job to provide the best possible tools for creators”, likely in reference to the TikTok and CapCut ban.

In terms of features, Edits is going to offer the following, per Moserri’s post:

  • A dedicated inspiration tab
  • Another tab to keep track of your ideas
  • A “much higher quality camera” for shooting videos
  • “All the editing tools you’d expect”
  • Ability to share drafts with friends and other creators
  • Easy export to Instagram, and powerful insights for Reels content

Other than these details, we don’t have much to go off of. Hopefully, Meta will share more in the coming weeks. The company says its been testing this out with creators in recent past.

Edits is available for pre-order on the App Store starting today, and will be available on iOS sometime in February, according to Meta. However, the App Store pre-order page has the launch listed as March.

No timeline is specified for an Android launch, other than the fact that it’ll come “soon.”


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Dow Jones futures edged lower Sunday night, along with S&P 500 futures and Nasdaq futures. U.S. markets will be closed Monday for the Martin Luther King holiday. Donald Trump’s inauguration also will be Monday, with the incoming president expected to issue a flurry of day one executive orders.

The stock market rally had a strong week, with the Nasdaq and S&P 500 moving back above their 50-day moving averages. Treasury yields tumbled on tame inflation data while strong earnings also buoyed the major indexes. Bitcoin spiked to near record highs on expectations of pro-crypto Trump moves.

Tesla (TSLA), ServiceNow (NOW), Vertiv (VRT), Amazon.com (AMZN) and Broadcom (AVGO) flashed buy signals. Goldman Sachs (GS), Energy Transfer (ET), Viking Cruises (VIK) and Quanta Services (PWR) also are actionable, along with several of their respective peers.

The video embedded in the article analyzes the weekly market action in depth and reviews Viking stock, ServiceNow, Amazon and much more.





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Stocks Surge Into Trump 2.0; Viking Holdings, ServiceNow, Amazon.com In Focus



President-elect Trump launched his own cryptocurrency on Friday night. The $TRUMP meme coin has soared in value, with Trump businesses controlling some 80%. Melania Trump has launched her own meme coin, $MELANIA.

TikTok restored operations, hours after complying with a U.S. law that banned it as of Sunday. Trump posted on social media that he will issue an executive order giving the Chinese-owned video app a temporary reprieve.

Dow Jones Futures Today

Dow Jones futures lost a fraction vs. fair value. S&P 500 futures dipped 0.1% and Nasdaq 100 futures declined 0.2%.

Bitcoin is below $102,000 after topping $106,000 earlier and later undercutting $100,000. The record high is above $108,000 set on Dec. 17.

With U.S. stock and bond markets closed Monday for the Martin Luther King holiday, U.S. investors may not get a clear initial reaction to Trump’s day one moves until Tuesday.

Stock markets around the world will be open Monday, while Bitcoin and other cryptocurrencies like $TRUMP will trade 24/7.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.


These Stocks Are Building Big Gains As Trump Looms


Trump Executive Orders

Trump will be sworn in Monday, and he’s expected to get right to work, issuing perhaps 100 or even 200 executive orders on day one.

Trump’s executive orders are expected to cover a range of issues, including energy policies, deportations, bitcoin and more, as well as his promised TikTok order.

Those could have a big impact on Wall Street, especially specific sectors and stocks. But markets may have already priced much of this news in.

On Friday, Trump spoke with Chinese President Xi Jinping on trade, TikTok and much more, reporting a “very good” call. That could ease trade war fears as Trump reenters the White House.


Join IBD experts as they analyze leading stocks and the market on IBD Live


Stock Market Rally

The stock market rally showed strong action in the past week.

The Dow Jones Industrial Average gained 3.7% in last week’s stock market trading, briefly topping the 50-day moving average Friday. The S&P 500 index popped 2.9% and the Nasdaq composite 2.45%, both moving above their 50-day lines Friday.

The small-cap Russell 2000 jumped about 4%, but is still below the 50-day line.

The Invesco S&P 500 Equal Weight ETF (RSP) and The First Trust Nasdaq 100 Equal Weighted Index ETF (QQEW) also rebounded from their 200-day lines, jumping 3.9% and 3.7%, respectively, for the week. RSP is just below the 50-day line while QQEW cleared that key level for the first time in a month.

All the key indexes and equal-weight ETFs are still in ranges going back to December.

More bullishly, leading stocks across a wide range of industries are acting well.

AI giant Nvidia (NVDA) rose modestly for the week, but is still below the 50-day line.

The 10-year Treasury yield dived 16 basis points to 4.61%, falling back from a 52-week high of 4.81% intraday Tuesday.

U.S. crude oil futures rose 1.7% to $77.88 a barrel last week, but finished off midweek highs above $80.

Bitcoin shot up to nearly $106,000 intraday Friday, trading at 104,767.70 as of 4 p.m. ET Friday. Bitcoin and other cryptocurrencies rallied on reports of a pro-crypto Trump executive order on Monday, creating a crypto advisory council. Falling Treasury yields, along with general risk-on sentiment, also buoyed bitcoin.

ETFs

Among growth ETFs, the Innovator IBD 50 ETF (FFTY) jumped 3.6% last week. The iShares Expanded Tech-Software Sector ETF (IGV) bounced 3.2%, with ServiceNow stock a big holding. The VanEck Vectors Semiconductor ETF (SMH) rallied 4.5%. Nvidia stock and Broadcom are significant positions in SMH.

ARK Innovation ETF (ARKK) rebounded 3.7% last week but ARK Genomics ETF (ARKG) fell 2.55%. Tesla stock is a major holding across Ark Invest’s ETFs.

SPDR S&P Metals & Mining ETF (XME) leapt 5.6% last week. SPDR S&P Homebuilders ETF (XHB) soared 8.1%. The Energy Select SPDR ETF (XLE) soared 6.3% and the Health Care Select Sector SPDR Fund (XLV) edged up 0.4%. The Industrial Select Sector SPDR Fund (XLI) shot up 4.9%.

The Financial Select SPDR ETF (XLF) surged 6.15%, with Goldman stock a key holding.


Cruise Lines Sail On Lifted Targets, Demand Strength. One Breaks Out.


Tesla Stock

Tesla stock surged 8.05% to 426.50 for the week, rebounding from the 10-week line and breaking a short, relatively steep downtrend within a short consolidation. TSLA stock could have a new base after one more week, with a potential 488.54 buy point. Tesla earnings are due on Jan. 29, with a lot of interest in Elon Musk’s latest timelines for self-driving, the “affordable” EV model and more.

Musk is a huge supporter and adviser to Donald Trump.

Other Stocks In Buy Zones

ServiceNow, Broadcom, Amazon, Quanta Services and Vertiv stock all flashed early entries within bases.

Viking stock, Goldman Sachs and Energy Transfer are breakouts.


Time The Market With IBD’s ETF Market Strategy


What To Do Now

The stock market rally is on the upswing, with strong bullish signals this past week. This may end up being a short-term move in a choppy trend, but right now the action in the indexes and especially leading stocks is positive.

Investors should take advantage of buying opportunities, adding exposure gradually. Look to buy stocks beyond the AI and tech space, given the breadth of leadership right now.

Work on your watchlists, scanning for the stocks and sectors that are leading and setting up. But be ready to scale back if the market does retreat.

The Trump inauguration could be a buy or sell the news event when the stock market reopens Tuesday.

Earnings season will ramp further this coming week, with Netflix (NFLX), GE Vernova (GEV), GE Aerospace (GEV) and American Express (AXP) among the many notable names.

Nvidia stock is on IBD Leaderboard, with Tesla stock on the Leaderboard watchlist. Viking, ServiceNow, Goldman and Amazon stock are on SwingTrader. Broadcom, Quanta Services and Vertiv stock are on the IBD 50. Vertiv, Broadcom and ServiceNow stock are on the IBD Big Cap 20.

ServiceNow was Friday’s IBD Stock of The Day. Broadcom stock was Thursday’s pick.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

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Broadcom, Goldman Sachs Lead 5 Stocks In Buy Areas





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NEW YORK (AP) — During his first term as president, Donald Trump led the effort to ban TikTok, the hugely popular video-sharing site he said posed a threat to U.S. national security. But on the eve of his return to the White House, the president-elect is being hailed as the app’s savior.

After going dark for users this weekend, Trump said on his social media site that he would issue an executive order after he’s sworn in for a second term on Monday delaying a TikTok ban “so that we can make a deal to protect our national security.” He said the order would make clear that companies will not be held liable for violating a law that aimed to force TikTok’s sale by its China-based parent company. Hours later, the app returned, to the relief of its legions of dedicated users.

“Thanks for your patience and support. As a result of President Trump’s efforts, TikTok is back in the U.S.!” read the announcement.

Trump’s legal authority to unilaterally decide not to enforce the law, which passed with overwhelming bipartisan support in April and was upheld by the Supreme Court on Friday, is unclear. But the rapid developments over the weekend served as a reminder of how dramatically debates over technology, social media and national security have changed since Trump was last in the White House. It also signaled how closely Trump is following those shifts after waging a successful campaign in which he made inroads with voters in part by harnessing the appeal of some social media platforms.

Trump can now take credit for reviving an app with 170 million users that is especially popular with younger Americans, many of whom spend hours a day on the platform to get news, make money and find entertainment.

“This is one of those things where the domestic politics has become so upside down and crazy that it turns out there’s only upside for Trump now,” said Bill Bishop, a China expert who has been closely following the back-and-forth. If the ban ends up being enforced, he said, Trump will say it was on outgoing President Joe Biden’s watch. “And if it does come back then Trump is a savior. And he will be rewarded both by users” as well as the company, which he said is now “beholden to Trump” and will have an incentive to make sure content on the platform is favorable to him.

TikTok’s move comes as tech companies and CEOs have been been working furiously to improve their standing with Trump. X owner and Tesla CEO Elon Musk has enjoyed unprecedented access to the president-elect after spending more than $200 million and personally campaigning to help him get elected.

Meta CEO Mark Zuckerberg met with Trump at Mar-a-Lago and reshaped his social media platforms’ policies to align more closely with Trump’s worldview earlier this month, ending third-party fact-checking, loosening rules against hate speech, ending his company’s diversity and equity policies and naming Dana White, the president and CEO of Ultimate Fighting Championship and a familiar figure in Trump’s orbit, to its board.

OpenAI CEO Sam Altman, Amazon, Meta and Google have all pledged to donate $1 million each to Trump’s inaugural fund.

The companies have a lot on the line, including regulatory challenges. Although federal regulators began cracking down on Google and Facebook during Trump’s first term as president — and flourished under Biden — most experts expect his second administration to ease up on antitrust enforcement and be more receptive to business mergers.

TikTok also worked to curry Trump’s favor, with CEO Shou Chew meeting with him at Mar-a-Lago in December and later present in Washington over the weekend for Trump’s inauguration. In a video responding to the Supreme Court decision, Chew was careful to praise Trump and cast the app’s fate as dependent on him.

“On behalf of everyone at TikTok and all our users across the country, I want to thank President Trump for his commitment to work with us to find a solution that keeps TikTok available in the United States,” he said. “We are grateful and pleased to have the support of a president who truly understands our platform.”

When the app went dark, it had initially posted a simple message informing users of the change, but later updated the language to include Trump.

“Sorry, TikTok isn’t available right now,” it read. “A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can’t use TikTok for now. We are fortunate that President Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office. Please stay tuned!”

The federal law had required TikTok parent company ByteDance to cut ties with the platform’s U.S. operations by Sunday. The Biden administration had stressed in recent days that it did not intend to enforce the ban before Trump took office. But TikTok said it would nonetheless “go dark” because the Biden administration had not provided “necessary clarity and assurance” to service providers — a stance outgoing Deputy National Security Adviser Jon Finer cast as disingenuous.

“Frankly, it doesn’t feel completely on the level,” he said on ABC’s “This Week.” “I think we were extremely clear that there was no need to take this action,” he said.

Trump said in an interview with NBC News on Saturday that he was considering granting ByteDance a 90-day extension to sell. ByteDance has repeatedly refused to sell, but the company is being eyed by investors including Trump’s former Treasury Secretary Steven Mnuchin and billionaire businessman Frank McCourt.

Sarah Kreps, director of Cornell University’s Tech Policy Institute, said there was no evidence ByteDance had made any meaningful progress toward divestiture, “so I don’t see how, by any measure, it would legally meet those conditions.”

“Further, an Executive Order cannot legally override or cancel a law that Congress passed,” she said. “Laws enacted through the legislative process have a higher legal standing and an EO that conflicts with the existing law, the law takes precedence and the EO would likely be struck down by the courts.”

Sen. Tom Cotton, the Republican chairman of the Senate Select Committee on Intelligence, warned Sunday that there is no legal basis for the kind of extension Trump is pursuing.

“Any company that hosts, distributes, services, or otherwise facilitates communist-controlled TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder lawsuits, and state AGs,” he wrote on X. “Think about it.”

Trump, in his Sunday post, proposed new terms of a deal in which he said the United States would have “a 50% ownership position in a joint venture” that would be “set up between the U.S. and whichever purchase we so choose.” But the details remained murky and it was unclear whether Trump was proposing control by the U.S. government or another company. Trump did not elaborate during a rally Sunday night, where he hailed the move.

“As of today, TikTok is back,” he said. “We have no choice. We have to save it.”

Though Trump sought to ban TikTok during his first term, he reversed that stance during his 2024 campaign, when he came to believe a ban would help the app’s rival, Facebook, which he held responsible, in part, to his 2020 election loss to Biden.

Trump ended up joining the app last year and has grown his following to nearly 15 million users. He has since credited the app for helping him win over young voters.

“I have a warm spot in my heart for TikTok,” he said during a December news conference. “TikTok had an impact.”

___

Ortutay reported from Oakland, California. Associated Press writers Charlotte Kramon and Nadia Lathan contributed to this report.





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