Tonight, some informed observations on Silicon Valley’s TikTok calculus, Disney layoffs, and Politico and the Post’s global ambitions.
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Happy Friday. Welcome back to In The Room.
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Tonight, some informed observations on Silicon Valley’s TikTok calculus, Disney layoffs, and Politico and the Post’s global ambitions.
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| TikTok Schadenfreude, Iger’s Cuts, & D.C. Media Games |
| News and notes on the inside story in the media industry: what Silicon Valley billionaires want Washington regulators to do with TikTok in D.C., how Iger’s cuts are playing in Bristol and Manhattan, and updates from the Washington media carousel. |
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| On Thursday, as TikTok C.E.O. Shou Chew gamely withstood a drubbing from Republican and Democratic lawmakers alike—Chew was prepped by SKDK; reviews were mixed—a consensus emerged among some observers that the pressure on the Chinese-owned company was a boon to Meta, Google, Snap and other U.S. social media firms that saw their stock tick upward over the course of the hearing. The all-too-obvious reasoning here is that, in the event of a ban on TikTok, or a forced sale, or some other force majeure-ish event, its some 150 million U.S. users will return to, or spend more time on, apps like Instagram and Snapchat that have lost market share—and, frankly, Gen-Z cachet—to ByteDance’s juggernaut.
The true implications of U.S. pressure on TikTok are, of course, far more complicated, not least because the most likely outcome here is not a ban but a forced divestiture. In any event, most Silicon Valley executives... |
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