TikTok ByteDance

ByteDance Ltd owned TikTok, once best known for viral dance videos and pop songs, and gradually built itself into a digital advertising juggernaut, the New York Times reported. TikTok sold access to its growing internet foothold to brands and developed products that make it ...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has banned remote work at Twitter in his first email to the staff since buying the company, the Financial Times reported. Musk warned that the social media platform needs “intense work” in the office to turn round its fortunes...

ByteDance Ltd-owned TikTok has slashed its worldwide revenue targets for 2022 by at least $2 billion, becoming the latest tech giant hit by a global slump in online spending.  TikTok CEO Shou Zi Chew slashed its targets by 20% in late September in a virtual “all-hands”...

ByteDance Ltd's TikTok made a big push into gaming, adding a dedicated tab within the short-form video platform, the Financial Times reported. In the U.S., Netflix, Inc (NASDAQ: NFLX) launched mobile games in 2021, filling a void left by Snap Inc (NYSE: SNAP)...

Former national security officials and other experts found that TikTok users would still be exposed to hacking and spying by China even if the U.S. spared the video platform from a total ban in the country, Bloomberg reported. The Justice Department reviewed an accord that would...

TikTok parent ByteDance Ltd saw its operating losses more than triple last year to above $7 billion as it spent heavily to continue its torrid growth, the Wall Street Journal reports citing financial info shared with employees. ByteDance also produced an operating profit...

Meta Platforms, Inc (NASDAQ: META) owned Facebook shuttered its Bulletin subscription service, ending its attempt to compete with Substack and other newsletter services. Meta informed the writers regarding its plans to wound down the Bulletin platform by early next year, the New...

Meta Platforms, Inc (NASDAQ: META) will close one of its offices in New York after scaling down its expansion plans in the city. Meta has exercised its option to terminate its lease at 225 Park Avenue South in Manhattan, Bloomberg reported, citing people familiar with the matter....

ByteDance Ltd's TikTok is launching live shopping in North America and aims to outsource its operation after its U.K. e-commerce experiments struggled to take off.  Los Angeles-based TalkShopLive will likely collaborate with TikTok helping bring TikTok Shop to the U.S...

ByteDance Ltd aims to spend up to $3 billion to repurchase shares in a deal valued at $300 billion, Reuters reports citing an internal company memo. ByteDance also extended its existing stock incentive plan for another ten years, Bloomberg reports. The move will likely help...

TikTok parent ByteDance Ltd looks to slash the price of its stock options to talented employees and attract good hires following the 2021 tech meltdown and China's domestic crackdown, Bloomberg reports. ByteDance is one of the rising powers in China's technology...

Robert Kyncl quit as Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube chief business officer after over a decade at the video platform, the Wall Street Journal reports. Kyncl, who helped transform the Google unit from an upstart into a video giant, left it battling slowing growth...

One of China’s biggest e-commerce operators Pinduoduo Inc (NASDAQ: PDD), is braced to enter the North American market in its first cross-border expansion, Bloomberg reports. Pinduoduo chased new growth avenues amid the economic slowdown, following in the footsteps of...

ByteDance's Douyin and Alibaba Group Holding Limited (NYSE: BABA) - owned Ele.me agreed to collaborate to help the food delivery app establish a presence on Douyin, TikTok's Chinese counterpart Reuters reports. Ele.me would be one of the most prominent players that...

TikTok compelled its London office staff to quit by creating a hostile working culture, Financial Times reports.  TikTok created what staff described as a "kill list" of colleagues in the e-commerce department whom it wanted to fire or end the contracts. Some of the...