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WSJ Tech News Briefing

TNB Tech Minute: TikTok Lives On…For Now

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 4 April 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus, the Magnificent Seven continue their stock-market slide. And fintechs put their IPO roadshows on hold. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. Here's your TNB Tech Minute for Friday, April 4th. I'm Victoria Craig for

0:36.0

the Wall Street Journal. 75 days. That's how much longer

0:39.7

President Trump is giving TikTok to find a buyer for its U.S. operations or risk a national ban.

0:46.0

The president signed an executive order this afternoon, granting the Chinese-owned company

0:50.0

more time to work out a deal. The president this week reviewed a proposal that could include

0:54.8

about a dozen potential investors. It wasn't clear which ones would be part of any agreement,

1:00.0

but among those floated were Oracle, Blackstone, and Silver Lake, with Amazon and mobile tech

1:05.1

firm App Loven making 11th hour bids. Elsewhere, the tech-heavy NASDAQ had another bruising sell-off today,

1:12.2

dropping just under 6 percent, after China said it would apply a 34-percent levy to all imported

1:18.7

goods from the U.S. Two days of steep losses pushed the index into bare market territory,

1:24.2

and all $6.4 trillion was wiped off the U.S. stock market in the last two days.

1:30.2

That's a record. Suffering some of the biggest losses were the so-called magnificent seven stocks,

1:35.5

which include Apple, Amazon, Nvidia, and Alphabet. That group erased $1.5 trillion in market value

1:42.3

in the two-day tariff route. Meanwhile, the stock market swoon

1:45.9

has slammed the door on companies that have been waiting to go public. That's because investors,

1:50.5

who would usually be the ones buying up shares in newly public companies, are instead focusing

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