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Tik, Tik, boom: New bill leaves TikTok’s future in the balance

Tik, Tik, boom: New bill leaves TikTok’s future in the balance

Tok of the town

As you might have heard from news sites, broadcasters, or even TikTok’s CEO himself while scrolling through the app, the House of Representatives passed a bill on Wednesday requiring Chinese owner ByteDance to sell the platform or see TikTok face a total ban in the US.

While the legislation still faces plenty more hurdles before it becomes law, that hasn’t stopped global discourse regarding the future of the popular social media escalating, with an onslaught of phone calls overwhelming Capitol Hill offices and US investors poising themselves to buy the app should it be divested from its parent company.

Newsbytes

Although concerns about privacy and national security are the main driving forces behind the bill, larger questions about the role TikTok plays in the lives of the estimated one-third of Americans who use the app are now being thrust into the spotlight.

It seems that many TikTok users have moved on from filming themselves dancing to music clips — in fact, only a little over half have ever posted a video — and are increasingly using it to stay informed: surveys conducted by Pew Research found that last year, 43% of TikTok’s users regularly turned to the app to get their news, up 21% from 2020, as more traditional information sources like Facebook fell out of favor.

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OpenAI set to air a minute-long Super Bowl ad for a second consecutive year, per WSJ

OpenAI is expected to broadcast a lengthy commercial at Super Bowl LX, The Wall Street Journal reported Monday.

Having aired its first-ever paid ad at last year’s Big Game, the ChatGPT maker is set to take another 60-second ad slot during NBC’s broadcast on February 8, according to people familiar with the matter.

culture

Tamagotchis are making a comeback, 3 decades after first becoming a global toy craze

If you were a ’90s kid, you might remember the craze around little egg-shaped toys with an 8-bit digital screen, displaying an ambiguous pet-thing that demanded food and attention.

Now, on the brand’s 30th anniversary, the Tamagotchi the Japanese pocket-sized virtual pet that launched a thousand cute and needy tech companions, from Nintendogs to fluffy AI robots — is making a minor comeback.

Tamagotchi Google Search Trends
Sherwood News

Looking at Google Trends data, searches for “tamagotchi” spiked in December in the US, up around 80% from just six months prior, with the most search volume in almost two decades.

While the toys are popular Christmas gifts, with interest volumes often seen ticking up in December each year, the sudden interest might also have something to do with the birthday celebrations that creator and manufacturer Bandai Namco are putting on, including a Tokyo exhibition that opened on Wednesday.

Game, set, hatch

More broadly, modern consumers appear to have a growing obsession with collectibles (see: Labubu mania), as well as a taste for nostalgia (see: the iPod revival, among many other trends).

But, having finally hit 100 million sales in September last year, the brand itself is probably just glad to exist, giving a whole new generation the chance to experience the profound grief of an unexpected Tamagotchi death.

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