The crisis of trust expands, will TikTok make the United States immersive?
The focus of the world’s attention has shifted from the historic meeting between the heads of state of the G20 US and China back to reality. Judging from the fact that the Republican congressmen actively launched the TikTok ban bill after the mid-term elections, it proves that the previous meeting was just a stage for rebuilding the pipeline platform. Intense confrontation, especially the suppression of China by US political parties will not be loosened by high-level interactions.
When Trump promoted the ban on TikTok during his administration, it was passively resisted by the Democratic Party. After Biden became president, he revoked the executive order signed by Trump at that time, and issued another executive order stating that the security risks of social platforms such as TikTok should be assessed based on evidence methods . However, even Democratic members of Congress are open to the prohibition bill initiated by Republican members of Congress, believing that Trump’s ban on TikTok is the right decision, and the consensus between Republicans and Democrats on TikTok will enable the new Congress to actively operate the bill .
TikTok has a huge impact on the world and the United States, and the US government is on high alert
TikTok is quite popular with people all over the world. It is widely used in 150 countries, and the number of users will reach 1.8 billion by the end of the year. At a time when the global population is about to exceed 8 billion, it is quite impressive that an App can have nearly 2 billion users.
The United States, which has the most intense confrontation with China, has even greater influence. The United States has a population of more than 300 million. The number of TikTok downloads has reached 200 million, and there are also 140 million active users. National security software, especially the Internet benchmark brand controlled by China. When TikTok was established, ByteDance set the goal of international development, and “going out, going in, and going up” was its overseas route.
The United States and China are looking for trust on the tightrope, and TikTok continues to ferment the crisis of trust
The G20 meeting between the heads of state of the United States and China does not mean that the relationship between the United States and China has improved. The relationship of trust between the US and China will not be restored after a few meetings and exchanges, and the goodwill expressed by both sides often increases and decreases under the implementation of repeated policies and bills, just as the US and China need military-related restraint and cooperation strongly need dialogue. However, it is clear that the two sides should be divided into upper and lower levels and areas whether they cooperate or confront. The TikTok ban is an urgent means for the US to suppress China without hindering dialogue, because the US does not trust China and is worried about people’s data being collected. The relationship between TikTok and the Chinese government is the reason why the trust crisis between the United States and China continues to ferment. Under mutual suspicion, the chance of finding trust on the tightrope is really slim.
The new cold war between the United States and China will make young people in the United States and China use TikTok as an export?
Twitter and TikTok are important social media in the United States. The former is partially owned by Saudi Arabia, while the latter is fully and partially owned by China. This may be a dangerous trend for the United States.
Given the current atmosphere between the US and China, there is intense confrontation at the national level, but civil society media is thriving. The proportion of American young people (12-17 years old) who use TikTok every week has changed from almost no in 2019 to 50% in 2020, and even 63% in 2021. The rapid growth rate is astonishing. The proportion of adults aged 18 to 26 who get news or information through TikTok every day is as high as 26%, so many politicians have to use TikTok to promote their ideas. According to information from this midterm election, an average of 25% of candidates for the U.S. Senate, House of Representatives, and governor have TikTok accounts. It can be seen that even if U.S. officials believe that TikTok has national security concerns, it is still an important platform that political parties cannot ignore when trying to win votes.
Can the Americans be persuaded on the grounds that TikTok threatens national security?
After the mid-term elections, members of the US Congress introduced a bill to try to treat TikTok like the Huawei ban, but is it easy?
Huawei and TikTok are different types of products. One is a physical object, and the other is a usage habit that takes advantage of the continuous spread of the Internet. Why should young people give up when American apps such as Instagram and Twitter cannot be as new, fun or easy to use as TikTok? In particular, the perception of TikTok by the Democratic Party, the Republican Party, and the judiciary, and the long-standing values of freedom, democracy and human rights in the United States, can it prevent people from using it on the grounds of national security? It is worth thinking about, and it is also a phenomenon that the various parties in the United States will enter the internal game.
The new U.S. Congress is about to start. Before the 2024 election, whether the U.S. government can formulate an approach that can maintain consensus and be acceptable to the public seems to be an outpost battle between the two parties on China issues. Whether the moderate attitude of individual Democratic congressmen can affect the The direction of the bill from the White House and administration is also key. Or another way of thinking, instead of enacting a TikTok ban, or asking ByteDance to get rid of TikTok away from the Chinese government, why not make it easier and faster for American companies to acquire?
Even if the danger is known, most Americans may still not be able to quit TikTok before the U.S. government takes active actions. This means that in addition to the crisis of trust between the U.S. and China, there are still value issues to overcome, which is even more difficult in a free, democratic and open American society.
Decline in GameStop’s Quarterly Revenue
According to financial data, digital gaming sales growth at the Grapevine, Texas, store is not compensating for a drop in in-store purchases.
Despite the company’s best attempts to offset the fall in physical sales with growth in digital transactions, GameStop Corp. just reported its worst quarterly revenue dip in two years. In the three months leading up to October 29th, net sales dropped 8.5% to $1.19 billion, which was lower than the $1.39 billion predicted by two analysts. Loss per share after adjustments came in at 31 cents, which was higher than the predicted loss of 29 cents. The company is only worth $7 billion, and its stock is extremely volatile, therefore very few analysts cover it.
Since becoming chairman of the board this year, Ryan Cohen has been working to reinvigorate GameStop’s growth in Grapevine, which has slowed as customers switch from purchasing game CDs to purchasing digital downloads. To make matters worse, COVID-19 lockdowns crippled GameStop’s retail operation, and supply shortages on consoles have further impacted profits.
According to market research firm NPD Group, overall spending in the gaming business fell 5% in the third quarter compared to the same period a year ago.
Earlier this week, Axios reported that GameStop has begun a new wave of layoffs, with a particular focus on the team developing the company’s blockchain wallet. GameStop also announced layoffs of an undisclosed number of employees and the departure of CFO Mike Recupero in July.
In its earnings release, GameStop said nothing about layoffs
Cohen has been trying to get GameStop involved in digital assets, but it’s been difficult. The company began transitioning into nonfungible tokens in September, when it announced a partnership with cryptocurrency exchange FTX US. The parties agreed to work together on some new e-commerce and online marketing projects and stock some stores with FTX gift cards. However, the crypto market went into a tailspin in November after FTX imploded with $9 billion in liabilities and filed for Chapter 11 bankruptcy.
CEO Matt Furlong stated on an earnings call with analysts that GameStop does not have “a meaningful balance of any cryptocurrency.” We have not and will not put significant shareholder capital at risk by entering this market.
Furlong has stated his optimism for the continued development of digital assets
GameStop became a symbol of the meme-stock mania that swept the retail trading community during the pandemic, in which the price of specific stocks was driven up by online discussion of such stocks on Reddit and other social media platforms rather than by any actual business fundamentals. The stock price, which is down 40% so far this year, rose by around 1% in after-hours trading on Wednesday in response to the news.
Newcomers Chris Sacca, Jack Dorsey, and Kalanick
Three of the most famous people in the tech business are Chris Sacca, Jack Dorsey, and Travis Kalanick. They’ve all achieved phenomenal success in technology and been in the front of some of the industry’s most game-changing developments. Sacca is a well-known businessman and investor who put money into companies like Twitter, Uber, and Instagram at an early stage. Dorsey co-founded and currently leads Twitter, while Kalanick created and resigned as head of Uber.
Chris Sacca, Jack Dorsey, and Travis Kalanick: Who Are They?
Can You Introduce Me to Chris Sacca, Jack Dorsey, and Travis Kalanick? The tech industry is led by visionaries like Chris Sacca, Jack Dorsey, and Travis Kalanick. Chris Sacca is a successful businessman, investor, and entrepreneur from the United States. The likes of Twitter, Uber, Instagram, and Kickstarter all counted on his early financial support. Jack Dorsey founded Square and serves as its CEO. He is also a co-founder of Twitter. He is considered a forerunner in the fields of microblogging and online monetary transactions. Uber, the groundbreaking ride-hailing service founded by Travis Kalanick, has completely altered the transportation landscape. It is widely believed that Kalanick single-handedly destroyed the traditional taxi sector with his work on mobile app-based transportation services. All three of these men are quite young yet have already made significant contributions to the technology sector.
How did these three people get where they are today?
Three of the most successful businesspeople alive now are Chris Sacca, Jack Dorsey, and Travis Kalanick. The remarkable success of their individual companies has made these three men household names, and they have become IT industry icons. It’s not surprising that these businesspeople have succeeded, given their combined intelligence and doggedness. Chris Sacca, an early investor in Twitter and Uber, was the first of the three to find financial success.
Sacca’s knowledge of the tech business allowed him to see the potential in the social network, and his investment in Twitter allowed Jack Dorsey to start the company. Jack Dorsey played a key role in the development of Twitter and laid the groundwork for the service to go global. Finally, Travis Kalanick entered the digital industry late yet created Uber into a global powerhouse, cementing his place in history as one of the most successful and important business leaders of all time. These three gentlemen all have the requisite smarts and guts to start their own businesses and make a killing.
The Effects of Their Achievements
Chris Sacca, Jack Dorsey, and Travis Kalanick’s achievements have had a significant effect. These three men have built successful careers as technological pioneers and entrepreneurs. They have contributed to the development of today’s advanced technological landscape. Twitter, Uber, and Lowercase Capital are the three founders’ most notable accomplishments. Twitter has grown into an important resource for users to keep up with the latest news, trends, and other events, making it one of the most popular social media platforms in the world. The ride-hailing sector has been shaken up by Uber, which has become ubiquitous.
Lowercase Capital is a VC firm that has helped launch the careers of numerous entrepreneurs by investing in over 200 different software businesses. The achievements of Sacca, Dorsey, and Kalanick are not limited to the realms of the businesses they founded. They have a track record of investing in successful tech startups, which in turn inspires new generations of business owners to launch their own ground-breaking ventures. In addition, many people now have jobs because of their investments. Many would-be business owners have looked to Sacca, Dorsey, and Kalanick as examples of success. They have demonstrated that it is possible to achieve one’s goals through perseverance and hard effort. They have also demonstrated that a small number of innovative ideas can have a significant impact on the technological world. Because of this, numerous up-and-comers have been encouraged to follow in their footsteps and develop ground-breaking goods and services.
Perspectives on the “Newcomer”
The names Chris Sacca, Jack Dorsey, and Kalanick have become virtually inseparable from the modern information technology sector. These three “up-and-comers” changed the game by daring to challenge the status quo and taking calculated risks. Lowercase Capital was established by Chris Sacca, who has gone on to invest in the likes of Twitter, Uber, and Instagram. Jack Dorsey started both Twitter and Square and currently serves as CEO of both companies. Kalanick is the Uber founder and CEO, and his company has had a profound impact on the transportation sector. These three “newcomers” have all changed the face of technology forever, and their achievements have served as models for other would-be business owners.
Is there any guidance we may glean from their experiences?
Is there any guidance we may glean from their experiences? Current examples of people who have achieved great success include Chris Sacca, Jack Dorsey, and Travis Kalanick. These people have made names for themselves in the business and technology communities thanks to their accomplishments in disciplines as diverse as venture capital and entrepreneurship. However, aspiring businesspeople can learn a lot from their experiences. To begin, despite facing setbacks and defeat, all three of these individuals have remained steadfast in their dedication to the undertakings they’ve undertaken. They have shown they are willing to take chances by investing both time and money in their projects. They have also demonstrated skill at establishing and maintaining connections with other powerful individuals. All three of these men exemplify the traits that are crucial for success in business, and by learning from their experiences we may develop our own set of abilities and outlook.
Newcomers to the tech business who have made significant contributions include Chris Sacca, Jack Dorsey, and Kalanick. Each of them rose from obscurity to become a household name and a major force in their respective fields. These three guys have altered the course of technology with their respective venture capital investments (Sacca), startup (Twitter’s Jack Dorsey), and startup (Uber’s Travis Kalanick). They have inspired a new generation of entrepreneurs by demonstrating that anyone, regardless of background, can make a substantial impact on the world.
Case of the alphabet U.S. drone operations expansion: Wing wants FAA’s blessing D.C. (Reuters)
The Google subsidiary Wing Aviation has applied for a waiver from some FAA drone regulations so that it can expand its operations beyond a single small city in Virginia, according to a notification published by the FAA on Friday. As of early 2019, Wing has supplied a multitude of services for locals of Christiansburg, Virginia, including both scheduled and emergency deliveries. With the goal of serving more people, “Wing is now aiming to expand and improve upon these operations,” the company claimed in its request for waivers from some FAA drone regulations. The organization promised to listen to petitioners before reaching a final call. The FAA was informed by Wing that the company had “made major investments targeted to strengthen both the safety and capacity” of drone operations in the United States. More than 17 months have passed with no reported incidents. Wing seeks FAA clearance to move remote pilot activities “to regional operations centers that can monitor and safely handle a greater number of airliners at once. When it grows, Wing aims to utilize a variant “that has been demonstrated to be dependable in commercial operations and is extremely comparable in its operating characteristics,” Wing said. Yet “to identify and accept this alternate aircraft version,” approval from the FAA is required.
In addition, during the interval, Wing requested that the FAA conduct operator line inspections once every 12 months rather than every three. According to the report, “current limitations will make it infeasible to grow a light-footprint, distributed operation across a neighborhood,” therefore the amendments “will assist assure that more American homes may experience the benefits of (drone) technology.” Small drones can now legally fly over people and at night without special permission under new FAA regulations that went into effect on Wednesday. The long-awaited guidelines require remote identification technology in most situations to enable drone identification from the ground, which is intended to alleviate security concerns.
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