What A Day Is TikTok Doomed?
Dec 10, 2024
Louise Matsakis, a senior business editor at WIRED, discusses the potential demise of TikTok in the U.S., exploring the legal battles over national security versus free speech. She demystifies the implications of a Supreme Court decision on the app's future. Later, Stacey Vanek Smith, a Bloomberg senior editor, dives into the incoming Trump administration's pro-cryptocurrency stance, highlighting its economic impact and risks for consumers in the evolving financial landscape. Tune in for insights on tech, politics, and finance!
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TikTok's Uncertain Future
- TikTok's future in the U.S. is uncertain after a court upheld a law potentially banning it.
- The app must separate from its Chinese parent company, ByteDance, or exit the U.S. market.
Lack of Public Evidence on TikTok Surveillance
- There's no public proof that China uses TikTok for surveillance, says Louise Matsakis.
- Other avenues likely provide them with more ample data.
Potential TikTok Buyer
- Real estate investor Frank McCourt has expressed interest in buying TikTok.
- ByteDance's willingness to sell, and Chinese government approval, remain uncertain.