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Bloomberg Tech

TikTok CEO on Capitol Hill and Hindenburg Shorts Block

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 23 March 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde breaks down the latest out of Capitol Hill where the CEO of TikTok is defending his company against US lawmakers who are calling for a ban. Plus, Hindenburg takes a short position in Block, and Apple spends billions to break into show business.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. in Edna at Luddler. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

0:57.3

Ed Ludlow is off today.

0:59.1

This is Bloomberg Technology.

1:00.3

Coming up, we go live to Capitol Hill where the CEO of Tik-Toc is defending his company against

1:05.5

the US lawmakers who are calling for a ban.

1:08.1

We'll bring you the details.

1:09.6

And short-seller Hindenburg research targeting Block with its latest report we break down what's about

1:14.8

cash app unit in particular that it's concerned about as the payments company plunges in trading.

1:20.1

Plus lights, camera, Apple?

1:22.8

The iPhone maker spending billions to break into show business more on the company's

1:26.3

plans to raise its Hollywood profile and a little subscribers to its streaming service.

1:31.0

All that, so much more coming up.

1:33.0

Meanwhile, is Apple and some of the big tech, seeming like some sort of haven on the day.

1:37.0

We are currently seeing the Nasak up more than 2%ish points.

1:39.0

Even though we continue to worry about some of the solidity in the banks today. The stock 600 is actually

1:43.8

down on the day, largely dragged down by those banking stocks over in Europe. The

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