TikTok Lawsuits, Intern Paydays, & IPO, or No? 6/30/23

Grimace and his purple McDonald’s milkshake have gone viral on TikTok, and New York Times reporter Sapna Maheshwari discusses all the TikTok headlines, including the TikTok-funded lawsuit from users in Montana, railing against the state’s recent ban. Some of Wall Street’s interns are getting paid as much as $150 an hour, this summer. New York Post reporter Lydia Moynihan says it's part of finance’s pitch to young talent, when competing with less lucrative, but more fun tech jobs. Plus, as the first half of the year comes to a close, the Nasdaq is up nearly 30%, the SEC has concerns about the growing push for spot bitcoin ETFs,  Virgin Galactic completed its first commercial space flight, the IPO window has cracked back open, and Shein is denying rumors of its own public listing. 

 

In this episode:

Lydia Moynihan: @LJMoynihan

Sapna Maheshwari, @sapna

Joe Kernen, @JoeSquawk
Melissa Lee, @MelissaLeeCNBC

Katie Kramer, @Kramer_Katie

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