Breaking news. The tik tok bill has passed the u. S. House of representatives giving the owners a big choice. Sell or be banned in america. Law makers have flooded Law Makers Offices and phones dont do this. 170 million americans are on the platform. Now it goes to the u. S. Senate. Im harris faulkner. Are you in Faulkner Focus. This gives the owner a choice. Die vest or you will be banned in the u. S. American buyers are already circling. The price tag could cover around hundreds of billions of dollars. Tik tok rolled out an Aggressive Campaign in the lead up to this mornings vote. It used urging young users particularly to call their congress people, flooding the phone lines. A show of just how powerful tik tok can be. House progresses took to the hill yesterday in protest of the legislation. Brought up upset content creators depending on the app for their careers and more. So many people, not only five million Small Businesses rely but 10 Million People rely on this app for more tha
the billionaire is here, too. let s get the latest from kelly o grady in los angeles outside first republic bank that yesterday at this time, its very future was in question. not so much today. kelly? that s right, neil. first republicly closed down 62% yesterday. i just checked and looks like it s up 28% today. that s a good sign for them. we re seeing more concern with scb. the fdic is looking to avoid a bailout and look for a buyer. we re learning that the fdic is looking to hold another auction to sell svb after attempts failed this weekend. my sources tell me a number of private equity firms are considering the acquisition but they re not sold on buying the bank in its entirety yet. this comes as a shareholder class action lawsuit has been filed against the bank and the former cfo and coo. there will be many suits to follow on this front. this comes as governmental scrutiny ramps up on what went don at svb. the doj is investigating the collapse. this is routine in a si
A week after ET reported that Dunzo may lay off more employees after the April carnage when it cut 300 jobs, more bad news is coming. The quick commerce company is turning to Reliance Retail, its largest investor, for a fresh cash infusion. It is not known if Reliance will oblige. This and more in todays ETtech Morning Dispatch.