Monday, February 17, 2025

An analysis of credit and debit card data shows TikTok Shop passed Shein and Temu in US sales in January 2025, growing 153% to Shein's 26% and Temu's 28% (Bloomberg)

Bloomberg:
An analysis of credit and debit card data shows TikTok Shop passed Shein and Temu in US sales in January 2025, growing 153% to Shein's 26% and Temu's 28%  —  The popular video app, which brought in-app shopping to its millions of American users in 2023, continued to surpass Shein …



Sources: Wall Street banks led by Morgan Stanley have offloaded almost all of Elon Musk's $12.5B in loans used to buy Twitter, and now hold $1B+ in X debt (Financial Times)

Financial Times:
Sources: Wall Street banks led by Morgan Stanley have offloaded almost all of Elon Musk's $12.5B in loans used to buy Twitter, and now hold $1B+ in X debt  —  Investor perception of debt has changed since Donald Trump's election victory  —  Wall Street banks have rid themselves of almost …



New junior developers are reliant on Copilot, Claude, and other AI tools, meaning foundational coding knowledge is now missing, creating problems down the road (Namanyay Goel/N's Blog)

Namanyay Goel / N's Blog:
New junior developers are reliant on Copilot, Claude, and other AI tools, meaning foundational coding knowledge is now missing, creating problems down the road  —  100k+ views 70+ votes 50+ votes  —  Something's been bugging me about how new devs and I need to talk about it.



Chinese President Xi meets with Alibaba co-founder Jack Ma, Huawei founder Ren Zhengfei, and more, signaling Beijing's support for the long-marginalized sector (Bloomberg)

Bloomberg:
Chinese President Xi meets with Alibaba co-founder Jack Ma, Huawei founder Ren Zhengfei, and more, signaling Beijing's support for the long-marginalized sector  —  - Meeting signals a more supportive stance toward private firms  — Xi's presence marks a potentially powerful endorsement



The US NLRB rules that Amazon must negotiate with the Amazon Labor Union, which represents ~5K workers at its Staten Island warehouse; Amazon plans to appeal (Greg Bensinger/Reuters)

Greg Bensinger / Reuters : The US NLRB rules that Amazon must negotiate with the Amazon Labor Union, which represents ~5K workers at its ...