Week 4/29/24

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Hope y’all had a dope ah week as always!

There’s been a lot of buzz going on about the TikTok ban again… as it was just passed by the house 😱

If you’re not familiar with what we’re talking about (you must be living under a rock), very recently the US government has passed legislation that could effectively ban TikTok in the country if its Chinese parent company ByteDance does not sell the popular app within a specified timeframe

Here are the key points of the proposed TikTok Ban:

- The House passed a bill in March 2024 giving ByteDance 6 months to divest TikTok or face a ban in the US.

- In April 2024, the House revised the bill, extending the deadline to 9 months with a possible 3-month extension for ByteDance to sell TikTok. This revised bill was included in a foreign aid package that passed both the House and Senate with bipartisan support.

- President Biden signed the legislation, known as the National Security Act of 2024, into law on April 24, 2024, setting the 9-month deadline for ByteDance to divest TikTok or face a ban starting January 24, 2025.

- TikTok has stated it will challenge the law in court, claiming it is unconstitutional. The company's CEO has said TikTok users in the US will continue to have access as the legal battle plays out.

- Finding a suitable American buyer for TikTok could be challenging due to its estimated $100 billion valuation and potential antitrust issues with major tech companies.

- The fate of the TikTok ban now hinges on whether ByteDance can strike a deal to sell the app within the 9-month timeframe and whether TikTok's legal challenges can overturn or delay the ban.

Do we think China will sell Byte Dance? Well here’s a few important points:

• ByteDance has vowed to challenge the law in court, arguing it is unconstitutional and violates TikTok users' First Amendment rights. The company believes "the facts and the Constitution are on our side, and we expect to prevail again" in court.

• Finding a suitable American buyer for TikTok could be very challenging due to its estimated $100 billion valuation, as well as potential antitrust issues with major U.S. tech companies acquiring it.

• China has threatened to block any sale of TikTok's underlying algorithm to a U.S. company using export control rules. This could make a sale essentially impossible or severely devalue the app.

• TikTok's CEO expressed confidence they will defeat the restrictions, stating "We aren't going anywhere" and calling it "a ban on TikTok." This defiant stance suggests ByteDance is digging in for a protracted legal battle rather than a sale.

• Legal experts are divided on whether the law can withstand constitutional challenges on free speech grounds, with some saying the national security claims could prevail. A lengthy court battle up to the Supreme Court seems likely

It’s all up in the air, but we’re still fairly confident this will be a lengthy process at the very least… and there is no immediate concern at all!

Still plenty of time to get in your organic dropshipping or TikTok Shop bag and make a few Ms before it’s fate is decided!

IN OTHER NEWS…

one of our own here at Ecom Oracle has started his YouTube journey this week

check it out:

if you’re interested in watching (which you should be cuz he drops some absurd amounts of sauce), just search up “Robert Santerre” on YouTube right now!

Table of contents for today:

1. 2 Winning Dropshipping Products 📦

2. 3 Viral TikTok Shop Products 📱

3. Case-Study of The Week 🔬

4. Trending Content Styles & Sounds 📊

5. Our Dropshipping+ Picks 🔐