The Vergecast Anyone want to buy TikTok?
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Apr 25, 2024 The hosts dive into President Biden's new legislation mandating a potential TikTok sale amid rising concerns over its influence. They debate the implications for users and explore possible acquisitions by tech giants like Microsoft and Apple. Discussions about the rise and fall of Tesla reveal the company's recent flops and ambitious AI plans. The conversation also touches on an intriguing gadget launch at the TWA Hotel and the evolving landscape of smart glasses, tackling both excitement and skepticism in tech advancements.
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TikTok's Uncertain Future
- The US government passed a bill forcing TikTok to divest, sell, or shut down within a year.
- This creates uncertainty for creators and advertisers, potentially impacting TikTok's value regardless of the outcome.
TikTok's High Valuation
- TikTok's value lies in its scaled video advertising platform and young active user base, making it a desirable acquisition.
- Its unique growth strategy, expensive even before app tracking transparency changes, further increases its potential price.
Rabbit R1 Launch Party
- David Pierce attended Rabbit R1's launch party at the TWA Hotel, experiencing an enthusiastic atmosphere.
- Attendees, who purchased the device to attend, engaged in discussions about AI, demonstrating high interest.