Used iPhones with TikTok installed are reportedly selling on eBay for up to $50,000. Fifty grand. For a phone. With an app. If nobody taught you about “late-stage capitalism,” this is it.

Before TikTok went dark on Sunday, some creators were scrambling. The Supreme Court on Friday upheld a law that would ban TikTok in the U.S., and the app is dark as of Sunday, with that law now in ...