🗞️ America’s economy doing better than Americans think

Telegram's CEO in French cuffs

Welcome to Techonomy Barista, where our tech news is more addictive than your morning cuppa! ☕️

The city of Sydney in the year 2050

Source: IMF

Biden’s Economic Bragging Rights: Biden's got the U.S. economy down as "world envy" material, but nearly half of Americans aren’t buying it—46% say things are worse since Trump left the building.
GDP vs. Public Opinion: The GDP’s been on a steady climb, but that hasn’t stopped 45% of Americans from thinking we’re still spiraling down the economic rabbit hole. 📈
Partisan Lens: Your view on the economy might just depend on your political flavor—Trump fans think it's doom and gloom, while Harris supporters are a bit more chill.
G7 Flex: While Americans fret, the U.S. is actually outpacing its G7 buddies, thanks to a strong labor market that’s making Europe and Japan look like they’re still hitting snooze. 💤
Inflation Blues: High inflation has split the country into the "haves" and the "struggling to have any at all." The rich are staying comfy with their assets, while many others are hustling to make ends meet, living paycheck to paycheck. 😒

Source: Getty Images.

Aight, peep this tea on Trump's debate drama:

Trump's out here throwing shade at ABC News 👀 called 'em "FAKE NEWS" and questioned why he'd even bother debating Harris on their turf.
He's low-key sus about the whole setup 🕵️‍♂️ Bringing up old tea from 2016 about leaked questions and calling out past drama.
Trump's asking the real Qs 🤔 Like, where's "Liddle' George Slopadopolus" at? (He meant Stephanopoulos, btw. Classic Trump nickname game.)
The debate tea is piping hot ☕ Trump's hinting he might ghost the whole thing. He's all "Stay tuned!" like it's a reality show cliffhanger.
Meanwhile, Harris is playing it cool 😎 Only agreed to this ABC debate so far, leaving Trump on read about more showdowns.

Source: NPR News

Kamala Harris is pulling a Lazarus act in the polls, rising from the political dead faster than a zombie in a B-movie. 🧟
She's snagged narrow leads in the "Blue Wall" states, making Trump's campaign sweat more than a politician in a sauna.
The Sun Belt's still hotter than a jalapeno eating contest, with Trump clinging to a lead skinnier than a supermodel's waistline.
Democratic pollsters are playing it cooler than a cucumber in a snowstorm, warning against "irrational exuberance."
With debates and early voting on the horizon, this race is tighter than spandex on a sumo wrestler. Buckle up, folks!

Source: Getty Image.

Uber's been slapped with a fine chunkier than a London cabbie's tip jar for playing fast and loose with EU drivers' data.
The Dutch Data Protection Authority caught Uber red-handed, shipping sensitive info across the pond faster than you can say "surge pricing."
Uber's crying foul, calling the fine "unjustified" like a toddler caught with their hand in the cookie jar.
The data in question? Everything from ID docs to taxi licenses - basically, a stalker's dream package.
This isn't Uber's first rodeo with fines; they're racking them up faster than a frequent flyer miles. Third time's the charm?

Source: The Economist.

Coatue's flirting with the idea of selling part of its ByteDance stake, like a tech investor version of "It's not you, it's me."
They're hoping to cash out at a $230-240 billion valuation, but some buyers are eyeing a $210-220 billion price tag. Talk about a ByteDance discount!
ByteDance's financials are hotter than a viral TikTok dance, with revenue up 40% to $120 billion in 2023. Not too shabby for a company in the regulatory hot seat.
The path to IPO is hazier than a San Francisco morning, thanks to China's regulatory crackdown and U.S.-China tensions. It's like trying to navigate a maze blindfolded.
Even with ByteDance's valuation sliding faster than a teenager's attention span, it's still giving Meta a run for its money in the revenue department.