TikTok is on everyones lips at the code conference this year even though TikTok is not at the event.
Dan Nathan is at the code conference and comments on content moderation and regulation.
Dan talks about how much attention TikTok is getting from US users.
Dan also discusses TikTok's threat to Meta.
Dan Nathan is at the code conference and comments on content moderation and regulation.
Dan talks about how much attention TikTok is getting from US users.
Dan also discusses TikTok's threat to Meta.
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00:00 Tick tock on everyone's lips at the Code Conference this year, even though the Chinese tech company isn't even at the event
00:05 Alphabet CEO Sundar Pichai admitting in his talk last night that the viral video platform poses a competitive threat to big tech
00:11 Snap, meta, Google, Twitter, up to date, but all down here to date. Dan Nathan's at the Code Conference. Dan, what are you hearing?
00:18 I mean, you've been talking about this and you know
00:20 The fact that it could be a national security threat as well if the US actually goes through with a ban
00:25 Poof, it's gone. Tech would rejoice
00:28 Yeah
00:29 No doubt about it. If you think about the other key themes here are content moderation and regulation
00:35 And that's some place where it's really hard to kind of pigeonhole tick tock
00:39 And I think that's why a lot of competitors that are US based here are talking about it
00:43 I will tell you just talking with investors
00:45 I mean
00:46 it's also one of those things that people are trying to get their arms around of just how much of the
00:51 Attention of US users is it really capturing and what it's doing?
00:55 Let's say to their kind of their ad loads and that sort of thing
00:58 So that is a huge huge topic of conversation right now and no one really has an answer for it
01:03 We obviously know that Facebook has liked to copy a lot of that. The Kardashians don't really love reels
01:08 I'll just mention this. I don't know if you guys noticed this but Facebook or meta can't get out of its own way
01:12 It really was up 1% today underperforming the Nasdaq and that seems to be one very near its 52-week lows
01:18 down a whole heck of a lot, you know year over year down more than 50% and that one seems to be squarely the
01:24 Focus of those who think that tick-tock is a big threat