This Week in Startups TikTok takes on Spotify, startup advice + US housing market w/ Redfin & Divvy Homes CEOs | E1523
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Aug 2, 2022 Glenn Kelman, CEO of Redfin, and Adena Hefets, CEO of Divvy Homes, dive into the challenges and dynamics of the current U.S. housing market. They discuss the impact of rising interest rates on affordability and home sales while exploring innovative rent-to-own models. The conversation also highlights how institutional buyers are influencing housing supply and prices. Additionally, they share insights on pandemic-driven migration trends and the future outlook for new construction and the rental market.
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TikTok's Strategic Move
- TikTok's potential entry into music streaming makes sense given its influence on music charts.
- TikTok's parent company, ByteDance, filed a trademark application for "TikTok Music", signaling a potential challenge to established players like Spotify.
TikTok and China
- ByteDance reportedly told US TikTok employees to downplay the company's China association.
- Jason Calacanis expresses concern over TikTok's potential influence on American culture, citing its Chinese ownership.
Chinese Influence
- Molly Wood argues that banning TikTok necessitates a broader conversation about Chinese influence in US markets, including manufacturing and entertainment.
- She points out the hypocrisy of banning TikTok while accepting other forms of Chinese economic influence.