Slate Money Trump’s TikTok Backtrack
21 snips
Jan 25, 2025 This week, the team dives into the surprising reversal on TikTok's ban and the implications of a potential American stake. They also analyze Trump's controversial launch of a meme coin and the mixed reactions from the crypto community. Additionally, the phenomenon of digital shoplifting among Gen Z and Millennials is scrutinized, revealing a bold challenge to traditional consumer ethics. The episode juxtaposes political maneuvering with the evolving landscape of social media and cryptocurrency, illuminating the complexities of modern digital culture.
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TikTok's Resurgence
- TikTok briefly went offline following a U.S. ban, then quickly resumed service after Trump's intervention.
- This move was praised by TikTok, demonstrating their sycophancy towards Trump.
Negotiations and Flattery
- TikTok's return involved negotiation and flattery towards Trump, reflecting the Chinese government's strategic positioning.
- Despite the app's resurgence, updates and fresh downloads remained restricted on app stores due to ongoing legal complexities.
Laws and Enforcement
- Despite bipartisan support and legal clarity, the TikTok ban wasn't consistently enforced, highlighting the nature of law enforcement.
- Laws require enforcement mechanisms to be effective, and many U.S. laws rely on individuals asserting their rights in court.