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Glancy said startups shouldn't see the current venture slowdown as a sign to think smaller. The last few years drove billions of dollars in investment in logistics startups hoping to fix flaws in supply chains that became obvious to average consumers. As supply chains have righted themselves and the broader venture market has cooled to what some see as dangerous temperatures, the environment for logistics startups has changed dramatically. You know, there's thousands of freight forwarders. There's thousands of customs brokers.
Persons: Kaitlyn Glancy, Glancy, Flexport, There's, she's, I'm Organizations: Eclipse, Systems, Shopify, Logistics Locations: North America, Palo Alto , California, PwC, China, Flexport, Mexico, There's
Amid talk of a TikTok ban, its Chinese parent company Bytedance is pushing a new app in the US called Lemon8. The early success of Lemon8 shows how banning TikTok wouldn't actually solve anything, experts say. As calls for a national TikTok ban escalate, its China-based parent company Bytedance is pushing a new app in the US called Lemon8. In fact, beyond TikTok and Lemon8, Bytedance has another success in its US portfolio: CapCut, a video-editing app. For Lemon8, Bytedance is pushing hard to get creators on the new app.
As the Biden administration pushes for a TikTok sale or ban, it's clear the idea has bipartisan support. We've been here before, when the Trump administration pushed TikTok to sell its US operations in much the same way. While the Biden administration's approach to TikTok has been slightly different, it's clear that lawmakers on both sides of the aisle support a TikTok ban. A bill to ban TikTok on federal devices passed in December with bipartisan support in Congress, and was then signed by President Biden. That's likely to happen on a wider scale if the Biden Administration pushed for an immediate ban, experts said.
The Biden administration and CFIUS are pushing for a sale of TikTok in the US. The Chinese government could also block a TikTok sale outright before bidding kicks off. But the list of companies that would actually consider buying TikTok is small, experts told Insider. "I think Microsoft would be one of the only big money, big company possibilities." Ultimately, separating TikTok's US operations, whether in a sale to a big tech firm or a spin off, is complicated.
At the same time government bans on TikTok are raising questions about a full on ban for US consumers. Moorhead says TikTok will likely need to open up more scrutiny to avoid a total consumer ban. Logistically, to completely ban TikTok, the government needs to cite a specific law TikTok is breaking. That's what happened when India banned TikTok, citing a law that allowed India to block websites and apps "in the interest of sovereignty and integrity of India, after a geopolitical dispute between India and China. Walling off data as a compromiseAnalysts said that one compromise could be stricter rules around how TikTok data in the US is shared and stored.
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