🛒 TikTok abandons ecommerce expansion in Europe and US
Plus: If the U.S. Is in a Recession, It's a Very Strange One. No bids on Chevy's first NFT, even though it came with a free Corvette Z06. And more…
TikTok abandons ecommerce expansion in Europe and US. Chinese-owned social media platform's foray into livestream shopping in the UK has struggled to gain traction… (Cristina Criddle / Financial Times)
If the U.S. Is in a Recession, It's a Very Strange One. The U.S. economy has experienced 12 recessions since World War II, and each one included two features: Economic output contracted and unemployment rose. Today, something highly unusual is happening. Economic output fell in the first quarter and… (Jon Hilsenrath via Wall Street Journal)
No bids on Chevy's first NFT, even though it came with a free Corvette Z06. Chevy's first foray into non-fungible tokens was a non-fungible dud. The automaker netted zero bids for its first NFT during an auction last month, even though the digital drawing came with a free 2023 Corvette Z06, according to Corvette Blogger. (Andrew J. Hawkins / The Verge)
Bill Nye says the main thing you can do about climate change isn't recycling-it's voting. The best way to save the planet isn't necessarily recycling – it's stepping into a voting booth. That's according to celebrity science educator Bill Nye, television's 'The Science Guy,' who spoke at the Aspen Ideas Festival in Aspen… (Tom Huddleston via CNBC)
Bidenomics 101. Business leaders have chalked up President Biden's attacks on oil companies to political cynicism, but maybe they're too generous. His tweet over the weekend ordering gas stations to lower prices betrayed a willful ignorance about the private… (The Editorial Board / Wall Street Journal)
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