House Passes TikTok Ban & Dollar Tree Closing 1,000 Stores
Mar 14, 2024
27:46
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House Passes bill targeting TikTok's future in the US, Dollar Tree to close 1,000 stores, college admissions chaos. Favorite numbers, gold medalist AI creators, candy companies reviving gum sales.
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Quick takeaways
House may ban TikTok, impacting its future in the US social media market.
Dollar Tree to close 1,000 stores due to underperformance and competitive challenges.
Deep dives
Debacle in College Admissions and TikTok Legislation
The podcast discusses the challenges in the college admissions process this year and the legislation aimed at banning TikTok, highlighting the significant impact on America's universities and the progression of the bill in Congress.
Dollar Tree's Struggles and Family Dollar's Performance
The conversation delves into Dollar Tree's closure of 1000 Family Dollar stores due to underperformance, referencing the $1.7 billion net loss and challenges faced since the acquisition, shedding light on the competitive landscape with Dollar General.
Chaotic College Applications and FAFSA Troubles
The podcast addresses the chaos in college applications this year, attributing it to Supreme Court rulings, test optional policies, and FAFSA system issues, emphasizing the long-term consequences on higher education and application drop rates.
Episode 279: Neal and Toby have the latest on the House of Representatives voting on a bill that would ban TikTok in the US and what it could mean for the future of the social media platform. Plus, the owner of Dollar Tree and Family Dollar is going to be closing up to 1,000 stores and why are college admissions so confusing this year? Neal shares his favorite numbers and we introduce you to the gold medalists that made their own AI. And finally, why candy companies are trying to bring gum back after slow US sales.