Advertisement
Canada markets closed
  • S&P/TSX

    22,167.03
    +59.95 (+0.27%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CAD/USD

    0.7388
    +0.0015 (+0.21%)
     
  • CRUDE OIL

    83.11
    +1.76 (+2.16%)
     
  • Bitcoin CAD

    95,881.19
    +1,941.98 (+2.07%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • RUSSELL 2000

    2,124.55
    +10.20 (+0.48%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • NASDAQ futures

    18,465.00
    -38.75 (-0.21%)
     
  • VOLATILITY

    13.01
    +0.23 (+1.80%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6843
    +0.0038 (+0.56%)
     

TikTok looks nothing like what was described in Congressional Hearing: Bookstore Owner

TikTok’s CEO Shou Chew testified in front of the House Energy and Commerce Committee on Thursday in defense of the popular app. The Biden administration is giving TikTok an ultimatum, sell TikTok or face a U.S. ban of the app. Lawmakers grilled Chew for more than 5 hours about whether TikTok is a threat to national security. The Dog Eared Book Owner Carrie Deming joined Yahoo Finance to discuss how a ban could impact her independent book store.

“The TikTok I know looks nothing like what they were talking about," Deming said. "I'm on BookTok. It is the most wholesome corner of any of the internet.”

Deming told Yahoo Finance a third of the store’s sales come from the e-commerce site, pushed up significantly by the bookstore’s TikTok account. “My book store's been open for eight years. And for that whole time we've been on Facebook and Instagram...when I do a post on the Meta platforms, they're rather ineffectual.”

Watch the full interview with Seana Smith and Dave Briggs here.

Key video moments

00:00 On the TikTok Deming knows

01:15 On Deming's follower count on various social platforms