00:00 Tick tock on everyone's lips at the Code Conference this year, even though the Chinese tech company isn't even at the event
00:05 Alphabet CEO Sundar Pichai admitting in his talk last night that the viral video platform poses a competitive threat to big tech
00:11 Snap, meta, Google, Twitter, up to date, but all down here to date. Dan Nathan's at the Code Conference. Dan, what are you hearing?
00:18 I mean, you've been talking about this and you know
00:20 The fact that it could be a national security threat as well if the US actually goes through with a ban
00:25 Poof, it's gone. Tech would rejoice
00:28 Yeah
00:29 No doubt about it. If you think about the other key themes here are content moderation and regulation
00:35 And that's some place where it's really hard to kind of pigeonhole tick tock
00:39 And I think that's why a lot of competitors that are US based here are talking about it
00:43 I will tell you just talking with investors
00:45 I mean
00:46 it's also one of those things that people are trying to get their arms around of just how much of the
00:51 Attention of US users is it really capturing and what it's doing?
00:55 Let's say to their kind of their ad loads and that sort of thing
00:58 So that is a huge huge topic of conversation right now and no one really has an answer for it
01:03 We obviously know that Facebook has liked to copy a lot of that. The Kardashians don't really love reels
01:08 I'll just mention this. I don't know if you guys noticed this but Facebook or meta can't get out of its own way
01:12 It really was up 1% today underperforming the Nasdaq and that seems to be one very near its 52-week lows
01:18 down a whole heck of a lot, you know year over year down more than 50% and that one seems to be squarely the
01:24 Focus of those who think that tick-tock is a big threat
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