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Share to Twitter Share to Linkedin Topline A trio of American technology giants could tack on some $431 billion in market value if the U.S. bans TikTok, according to Bernstein analysis published Thursday, as the issues posed by the wildly popular Chinese-owned social media app take center stage in Washington. Key Facts Alphabet, Meta, and Snap, each of which operate short-form video platforms rivaling TikTok, would all be in line for major stock jumps if the U.S. moves forward with a TikTok shutdown, according to a note to clients Thursday from Bernstein analysts led by Mark Shmulik. Shares of YouTube Shorts parent Alphabet could jump as much as 20% should TikTok users need to flock to a replacement for their social media fix, shares of Instagram Reels parent Meta could be in line for as much as a 30% gain and shares of Snapchat Spotlight parent Snap could surge as much as 50%, according to Bernstein forecasts, using price-to-earnings multiple … [Read more...] about Banning TikTok Would Boost Alphabet, Meta And Snap—Here’s How Much Their Stocks Could Jump

Share to Twitter Share to Linkedin Professional gamblers wager millions on the NCAA Tournament using an auction-style format that brings out casual hoop dreamers and sophisticated quants. With brackets busted, it still pays to play the game within the game. N eal, a 36-year-old insurance broker who lives in Ohio with his wife and two children, is the proud owner of the University of Texas, University of Connecticut, Tennessee, Creighton and Florida Atlantic men’s basketball teams. His wife doesn’t know about his ownership stakes, but hopefully by the end of the NCAA Men’s Basketball tournament his $19,000 investment will turn into $50,000. And then, he’ll let her know. “Right now, we’re on a heater,” he says of the March Madness run his teams are on. “We’re still in the red on paper, but I hope that will change quickly with a few wins.” Neal doesn’t technically own any team, of course, but the amateur sports gambler “bought” these college … [Read more...] about Inside A High-Stakes March Madness Calcutta

Share to Twitter Share to Linkedin TikTok is widely popular among the younger generation around the world, and the large majority of TikTok users are between the ages of 18 and 34. There is also little denying that older folks likely simply don't get it. For those reasons, TikTok could be seen as just the latest youth/pop culture fad that is being targeted unfairly. History Lesson In 1921, legislators in 37 states introduced almost one hundred film censorship bills aimed to address the threat from motion pictures, which lawmakers and various religious and civic groups warned was introducing morally questionable content on the masses. In the 1950s, German-American psychiatrist and author Fredric Wertham published his book Seduction of the Innocent , which asserted that comic books caused youth to become delinquents. Tipper Gore, the wife of then-Senator Al Gore (D-Tenn.), co-founded the Parents Music Resource Center (PMRC) in the 1980s with the stated … [Read more...] about TikTok Ban Isn’t About Targeting Youth Culture – But It Kinda Is

Share to Twitter Share to Linkedin Topline The U.K. parliament will block all devices on its network from accessing TikTok, according to an announcement Thursday, complementing efforts by European governments and the U.S. in restricting the China-owned app over national security and data privacy concerns. Key Facts A spokesperson for the U.K. parliament—citing cybersecurity concerns—said Thursday that TikTok will be blocked from all parliament devices and any device accessing its network. Deputy First Minister John Swinney said Thursday the Scottish government will ban the app from all devices accessing its network effective immediately, following discussions with the British government. Cabinet Office minister Oliver Dowden said all devices used by British government employees would be unable to access TikTok—and the devices will only be able to access pre-approved third-party apps. TikTok will be deleted from all devices … [Read more...] about U.K. Bans TikTok From Parliament Devices—Here Are The Other Governments Banning The App