Equity The regulatory clock is ticking for TikTok
Feb 20, 2024
Financial markets are buzzing with rising crypto prices and several key companies reporting earnings this week. TikTok faces scrutiny from the EU under new regulations, potentially reshaping social media governance. Meanwhile, Walmart's acquisition of Vizio and the takedown of the Lockbit cybercrime gang stirred discussions. San Francisco is experiencing a revival, driven by an influx of talent and investment in AI, positioning the city as a renewed innovation hub.
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Crypto Market Rebound
- Bitcoin and Ethereum prices are up, indicating positive market movement.
- Coinbase reported strong earnings, suggesting the crypto winter might be thawing.
Vertical SaaS Plus Payments
- Planity, a French startup, secured $48 million in Series C funding for its vertical SaaS for salons.
- Combining vertical SaaS with payment processing creates a strong business model, as demonstrated by Planity, Toast, and Shopify.
TikTok's Regulatory Challenges
- The EU is investigating TikTok's compliance with the Digital Services Act (DSA), particularly regarding minor protection and transparency.
- Penalties for DSA violations can reach 6% of global revenue, posing a significant financial risk for TikTok.