Is Tiktok For Sale?! & Blockbusters Dominate the Oscars
Mar 11, 2024
28:33
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Discussion on the potential sale of TikTok in the US, the success of blockbusters at the Oscars, one year since the Silicon Valley Bank Collapse, winners of the weekend, and reflections on life post-pandemic
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Quick takeaways
Debate sparked by annual daylight saving time change benefits businesses with increased foot traffic and supports the golf industry with more tee times.
US Congress's push to ban TikTok prompts speculation for potential buyers like Bobby Kotick and Sam Altman, amidst concerns of antitrust issues with big tech companies.
Silicon Valley Bank's collapse a year ago fuels changes in banking industry, regulatory responses slow, raising concerns for future crises and impacts on schools and housing markets.
Deep dives
Daylight Saving Time Trade-Offs and Business Benefits Discussed
Daylight saving time, implemented in the US, results in losing an hour of sleep but gaining more daylight in the evenings. This change sparks debates annually. Benefits include increased evening foot traffic benefiting businesses like retail and restaurants. Additionally, it supports the golf industry by leading to more afternoon tee times.
TikTok Facing Potential Ban and Congressional Response Outlined
A bill to force TikTok's Chinese owner, ByteDance, to relinquish control or face a US ban is gaining support in Congress. President Biden expressed willingness to support the bill, with a significant chance of it becoming law after a full House vote. Speculation arises about potential buyers for TikTok should ByteDance comply, excluding major big tech companies due to antitrust concerns, prompting interest from wealthy individuals like Bobby Kotick and Sam Altman.
Implications and Lessons Learned from Silicon Valley Bank's Collapse Explored
The collapse of Silicon Valley Bank (SVB) a year ago initiated a major banking crisis, impacting both large and small banks. Small neobanks saw an influx of customer deposits post-SVB, while big banks like Chase expanded. Regulatory responses to SVB's collapse have been limited, with the slow pace of regulatory changes raising concerns about potential future banking crises and addressing key issues such as chronic absenteeism in schools and the impact on housing markets.
UFOs Reportedly 'Clear' from Earth and Pandemic's Lasting Changes Highlighted
A Defense Department report dismisses claims of UFO visits to Earth, attributing sightings to ordinary objects or misidentifications. Reflecting on the four-year anniversary of the COVID-19 pandemic declaration by the World Health Organization, enduring changes like remote work, evolving banking systems, and shifts in the pharma industry are discussed, along with anticipated events such as the SpaceX Starship launch and upcoming inflation data releases.
Europe's AI Regulation Vote and Pi Day Celebration Mentioned for Upcoming Week
European legislation aimed at regulating AI risks faces a vote, proposing strict measures applicable to all companies operating in the EU. The show previews the week ahead, highlighting key events like Pi Day for mathematical celebrations, Thursday's SpaceX Starship launch, and the significance of inflation data and AI regulations in the financial and tech sectors.
Episode 276: Neal and Toby have the latest on the push in Congress to ban TikTok and why the social media company might wanna look for a buyer to stick around in the US. Plus, the movies you saw actually won awards at The Oscars and taking a look back at one year since the Silicon Valley Bank Collapse. The guys share their winners of the weekend and how the world looks four years removed from the start of the pandemic. And finally, a look at the week ahead.