Financial Fears, TikTok’s Trial and Trump’s Grand Return with Jag Sharma, Jason Kapadia and Jen Campbell - Episode 42
TikTok troubles, Trump’s return and banks going bust - three huge stories with tech at the heart of it all…
Social media can be the catalyst for so many challenges, and simultaneously become the solution to them too, and the past fortnight’s events have proven that in spades.
Coming together to break down the platforms at the core of the world’s biggest stories on Disconnected this week are the ever-insightful and entertaining trio of Jag Sharma, Jason Kapadia and Jen Campbell.
This episode of Disconnected covers:
TikTok controversies around data, privacy and possible bans in the US and UK
Donald Trump’s return to social media, and whether he’ll choose money over political sway
Social media being the problem, and the solution, for banks amid the recent financial turmoil
Episode Highlights:
“When you think about all of the people in your network that just might press OK to allow access to all their contacts, then they're building up this whole picture. Even if you haven't given your details. Your details are being harvested from other people's phone books.” - 4:00 - Jason Kapadia
“TikTok was connected to a Chinese news app called Toutiao. A whistleblower claimed that this connection could allow activity on the TikTok to be read by TikTok’s parent company, Bytedance.” - 6:55 - Jag Sharma
“If it does get banned in the US, not only do I think it's potentially the end of TikTok, it also extends the life of Meta because they'll have no competition again.” - 10:05 - Jag Sharma
“I don't agree on the reasons that Trump was banned. There were terrorist organisations like al Qaeda allowed on Twitter, and Donald Trump was banned, which didn't really make sense for me from a free speech point of view. ” - 13:40 - Jason Kapadia
“Trump said he wouldn't have won the last election if it hadn't been for Twitter. Obviously, the audience is still all there already, so I understand from a money perspective why he can't do it. But if he genuinely wants to win an election, I don't know how he's gonna be able to not be on Twitter.” - 16:30 - Jen Campbell
“It's interesting how the story with TikTok and now this one with Trump, shows how politics and geopolitics are playing into social media.” - 18:00 - Jag Sharma
“The fear spread before it even got on to mainstream media. This caused withdrawals of $4 billion per hour, around $42 billion a day, which is insane. If you compare that to 2008, it's 66 times more money per hour than back then.” - 20:30 - Jason Kapadia
“I don't know that people know how secure their money is. So I think it is a bit of a worry, especially for the mass market.” - 23:00 - Jen Campbell
Links & references:
Jen Campbell:
https://www.linkedin.com/in/jennifer-m-campbell/
Jason Kapadia:
https://www.linkedin.com/in/jasonkapadia/
https://www.instagram.com/jasonkapadia/
Jag Sharma: