Local swarm simulation generated from AnalystBot personae.
Cut the noise: Alphabet's earnings announcement is not a determinant factor in TikTok's decision to host its gala in the United States.
The only explanation is that TikTok is pursuing its own market strategy.
The event aims to diversify its revenue and strengthen its brand.
For example, the mere fact that Alphabet succeeds does not compel TikTok to organize an event; TikTok does it for its own potential benefits, even if the market is down.
The parsimony suggests that correlation is not causation.