WEBVTT - Coming Soon: A New Season of Foundering

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<v Speaker 1>I get a call and I answered Hello, and there's

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<v Speaker 1>this guy on the other end. Yeah, you emailed my daughter.

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<v Speaker 1>He goes, she's twelve. And I was like, okay, you know,

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<v Speaker 1>sorry about that, and he goes, yeah, listen, everything's all right,

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<v Speaker 1>but you gotta answer me this one question. Why does

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<v Speaker 1>she come home from school and say that she needs

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<v Speaker 1>a manager? And I'm like, well, I don't know. Maybe

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<v Speaker 1>it's because she has nine thousand fans on TikTok. There

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<v Speaker 1>was a time when most adults didn't know what TikTok was.

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<v Speaker 1>If you haven't heard of TikTok, TikTok is the most

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<v Speaker 1>addicting app in the entire world. If you get it,

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<v Speaker 1>I'm warning you, you will be on it for four

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<v Speaker 1>hours just scrolling through your four you page. Most people

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<v Speaker 1>still don't know the real story. One day, I was

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<v Speaker 1>on coul trip from Mountain View to San Francisco and

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<v Speaker 1>that Tin so a loss of high school students and

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<v Speaker 1>I was observing the behavior. How too mysterious tech founders

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<v Speaker 1>from China that captured the attention of an entire generation.

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<v Speaker 1>You know, I think there was some natural skepticism of like, hey,

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<v Speaker 1>can we trust these guys we've had issues in China

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<v Speaker 1>with intellectual property infiltrated American pop culture. You identify a

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<v Speaker 1>couple of whales, you pay them for a certain number

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<v Speaker 1>of posting them. Sort of a flywheel from there, because

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<v Speaker 1>you know, the internet is like it is like high

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<v Speaker 1>school cafeteria is the second the popular kids do it.

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<v Speaker 1>Everyone wants to get in. Went to battle with Facebook

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<v Speaker 1>and other Silicon Valley giants, And when I brought up

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<v Speaker 1>the Chinese internet companies, I think that that's a real,

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<v Speaker 1>a real strategic and competitive threat. Took on the most

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<v Speaker 1>powerful man in the world. We're looking at TikTok. We

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<v Speaker 1>may be banning TikTok. This season. On Foundering, we'll take

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<v Speaker 1>you behind the scenes of TikTok with exclusive interviews of creators, investors,

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<v Speaker 1>and employees, including the CEO of TikTok's controversial Chinese parent

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<v Speaker 1>company byt Dance. You'll see what it was really like

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<v Speaker 1>inside the company after TikTok landed on Donald Trump's hitlist

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<v Speaker 1>and nearly lost it all. Check us out Foundering, a

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<v Speaker 1>podcast from Bloomberg Technology. Subscribe on Apple, Spotify, or wherever

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<v Speaker 1>you get your podcasts.