- TikBan: Biden threatened to ban TikTok in the US unless it separates itself from its Chinese parent, ByteDance. Meta, Snap, and Google shares surged on the potential demise of their social rival.
- Metout: Meta is ending its ambitious NFT push just as digital collectibles start regaining relevance. It’s the latest example of Meta’s bad trend timing, which includes its massive metaverse investment.
- Resort: Within the span of a month, Silicon Valley Bank went from hosting a summit at a fancy ski resort to reaching out to lenders of last resort. Check out our recap of the bank’s swift demise.
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