Saturday☕️

15 Apr 2023 — 4 min read

Trending:

Markets/Economies:

Apple in India:

Nearly seven years after Tim Cook's initial visit to India as Apple's CEO, the first store is expected to open on Tuesday in Mumbai, followed by the second one on Thursday in New Delhi.
This development follows the iPhone's achievement as India's top-selling smartphone in Q4 2022, setting a new iPhone revenue record in the country, as reported during Apple's February earnings call.

Montana TikTok Ban:

On Friday, Montana became the first state to pass a comprehensive ban bill on TikTok, impacting almost all devices within its borders. This decision extends beyond previous bans limited to government devices.
The Montana House of Representatives passed SB 419 with a 54-43 vote. The state senate had already approved it in March. To become law, it requires the governor's signature and would be effective in January 2024. The ban detailed in SB 419 prevents TikTok from operating within Montana's jurisdiction.
A TikTok representative claimed that the bill is a form of censorship and expects it to face legal challenges. The spokesperson expressed their commitment to defending TikTok users and creators in Montana, whose livelihoods and First Amendment rights may be at risk due to this government action.

Business:

Miami-based tech companies raised $5.39 billion in 2022, showing a 278% growth in funding between 2020 and 2022.
Washington Commanders owner Dan Snyder agreed to sell the team for $6.05 billion to a group led by Josh Harris, co-owner of the Philadelphia 76ers and the New Jersey Devils. Other members of the group include billionaire Mitchell Rales and former NBA star and Starbucks franchisee Magic Johnson.
Bay Area tech entrepreneur Nima Momeni was arrested in connection with the fatal stabbing of Cash App founder Bob Lee in San Francisco.

Statistic: