TikTok could get banned if it isn't sold

🤳 The end of TikTok

TikTok and its 170 million users in the United States could be banned unless its Chinese parent company, ByteDance, severs ties.

The U.S. House of Representatives is considering a bill that would force ByteDance to sell TikTok within 6 months or face a ban on app stores and web hosting services in the U.S.

Lawmakers worry that the app could be used for spying or propaganda purposes.

🛍️ Missing on TikTok Shop

Moxii reported last month that TikTok actually planned on spending $17.5 billion to expand to the US.

TikTok's expansion plan was supposed to provide free shipping benefits and incentives for influencers.

Last November, it was also reported that TikTok wanted its own fulfillment center for TikTok Shop.

That same month, 5 million customers made purchases through TikTok Shop during the its holiday promotions, along with shoppable short form videos that lead to 2.51 billion views.

Jeff Bezos became the richest person again (for a while)

🏆️ #1, but not for long

The title of world's richest person title has been awarded to a familiar face this week.

Elon Musk, the CEO of Tesla and SpaceX, had held the top spot for a while, but on March 8th, Jeff Bezos, the founder of Amazon, briefly overtook him.

• According to the Bloomberg Billionaires Index, Bezos' net worth reached $200 billion, surpassing Musk's $198 billion.

This came after Tesla shares had dropped 7%, while Amazon's stock price had been steadily rising.

However, Musk's lead wasn't lost for long. Tesla share prices recovered somewhat, and Musk regained his title as the world's richest person.

📈 A big share

Bezos' gain came from Amazon's strong performance. The company's stock price has nearly doubled since late 2022 and is nearing an all-time high.

• This growth is due to continued strong online sales, which was at its strongest growth since the pandemic.

• In contrast, Tesla's stock has fallen considerably from its peak in 2021.

Even after selling off a $8.5 billion of his shares, Bezos remains Amazon's largest shareholder and continues to benefit its wins.

While Musk may have regained the lead for now, the race to become the world's first trillionaire continues.

OpenBorder makes selling globally easier

📦️ Meet OpenBorder

Have you ever dreamt of selling your products to a global audience but felt it was too complicated to trade international?

OpenBorder is here to make your dream a reality.

OpenBorder's platform simplifies cross-border ecommerce for any business by automating logistical tasks, without the hassle of managing processes.

Imagine this: you can now list your products on international marketplaces like Amazon, all while fulfilling orders from your existing warehouse.

❓️ What it does

According to TechCrunch, OpenBorder takes care of everything in between including:

• Shipping

• Trade compliance

• Tax compliance

• Adapting your product listings to different languages and regional preferences,

With OpenBorder, even small businesses can reach multiple channels globally.

According to OpenBorder themselves, 28% of all impressions on Shopify stores come from cross-border shoppers.