Motley Fool Money TikTok's 1st Ban
May 18, 2023
This week, Bill Mann, a senior analyst, shares insights on Montana's groundbreaking move to ban TikTok and its ripple effects on major tech firms like Meta and Snap. Meanwhile, Anjee Solanki, a retail expert, discusses the impressive rebound of Bath & Body Works, fueled by a massive loyalty program. The conversation dives into post-pandemic retail trends, exploring how consumer behavior is shifting amidst inflation and economic shifts, with certain sectors thriving while others struggle.
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Montana's TikTok Ban: A Symbolic Move?
- Montana's TikTok ban seems like virtue signaling, given its unclear enforcement and potential ineffectiveness.
- It raises concerns about the US mirroring China's approach to banning foreign companies.
Global Implications of a TikTok Ban
- Banning companies like TikTok could set a precedent for other countries to ban US companies.
- This raises concerns about the potential impact on major US tech companies.
Bath & Body Works' Success
- Bath & Body Works saw increased profits and revenue, exceeding expectations.
- Their loyalty program, with 37 million members, contributes to two-thirds of US sales.