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155: Memecoins vs. NFTs, Bitcoin ATH, TikTok “Ban”, Dune 2 & When To Sell
Not Investment Advice
The TikTok Divestiture Culture War
The TikTok divestiture culture war has various dimensions. It involves a trade aspect focused on reciprocity, data safety concerns, and the propaganda play behind the ban. The sudden bipartisan bill aims to force foreign-owned social media platforms to be sold if owned by specific countries. TikTok's response inaccurately portrays the bill as a ban, leading to a movement where users, including children, flood the congressional phone lines. This showcases TikTok's influence and concerns legislators about foreign entities' involvement in politics.
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