🛒 TikTok abandons ecommerce expansion in Europe and US

Today’s pick

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)

Cristina Criddle @CristinaCriddle

EXCLUSIVE: TikTok Shop had planned to launch in France, Italy, Germany and Spain in the first half of this year but ambitions have been derailed due to the feature failing to gain traction and internal disruption

enterprise-sharing.ft.comTikTok abandons ecommerce expansion in Europe and US[FREE TO READ] Chinese-owned social media platform’s foray into livestream shopping in the UK has struggled to gain traction

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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)

Nick Timiraos @NickTimiraos

“We are going to have a very unusual conflict between the employment numbers and the output numbers for a while." — Robert Gordon, the Northwestern University economist who is on the NBER's business cycle dating committee. wsj.com/articles/reces…

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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)

The Verge @verge

No bids on Chevy’s first NFT, even though it came with a free Corvette Z06 theverge.com/2022/7/4/23194…

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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)

CNBC @CNBC

Bill Nye says the main thing you can do about climate change isn't recycling—it's voting (via @CNBCMakeIt)

cnb.cxBill Nye says the main thing you can do about climate change isn’t recycling—it’s votingAt the Aspen Ideas Festival on Thursday, science educator Bill “The Science Guy” Nye urged people to vote, to “pass better laws” that impact climate change.

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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)

Daniel S. Loeb @DanielSLoeb1

President Biden’s tweet ordering gas stations to lower prices betrayed what seems to be a willful ignorance of how the private economy works. File under Gambling in Casablanca. wsj.com/articles/biden…

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