Corona Capital from Breakingviews: As TikTokers claim credit for inflating attendance expectations at Trump’s Tulsa rally, the app may be pulled further into the political cross-hairs
U.S. President Donald Trump speaks during his first re-election campaign rally in several months in the midst of the coronavirus disease outbreak, at the BOK Center in Tulsa, Oklahoma, U.S., June 20, 2020. REUTERS/Leah MillisEXCLUSIVE APPEAL. Upmarket members’ club Soho House seems surprisingly immune to the Covid-19 crisis.
COUNTDOWN TO TWEET. President Donald Trump’s political rally in Tulsa, Oklahoma on Saturday was a sparsely attended affair. Fears of the coronavirus, which is surging in the Sooner State, could be one reason. But a movement started on social network TikTok is claiming credit. Users signed up for tickets to the political gathering with no intention of attending, inflating expectations that were never met. The clock may now be ticking for a political reprisal.
RETAIL THERAPY. Chinese consumers spent $38 billion on goods during JD.com’s, annual June shopping festival, up by more than a third from last year. Discounts offered through the 18-day extravaganza on everything from tissues to iPhones helped. As well as buying more, shoppers are also getting comfortable purchasing higher-value groceries, medicines and other items from the $184 billion web retailer: sales of chronic disease drugs, for example, more than tripled year-on-year.
EXTENDED HANGOVER. Spirits giant Diageo has pushed back the publication of its results for the year ending June 30 by five days to Aug. 4. The maker of Johnnie Walker and Smirnoff vodka said the delay was needed to allow it and auditor PwC enough time to complete the process of preparing and reviewing the results. Diageo blamed the difficulties of remote working for the delay.
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Read more »
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