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TIKTOK BUSINESS OVERHAUL
US Stocks: Meta shares drop 7% on fears US verdicts open door to deluge of lawsuitsMeta Platforms shares tumbled 7% after two verdicts found the social media giant liable for harm to young users. These rulings, totaling hu...- She was a cancer nurse, now she fixes cars: This 39-year-old YouTube trained mechanic's income will leave you stunnedOnce a struggling nurse and single mother, Desiree Hill followed her instincts and transformed her life by launching a car repair business....
- Trump's tariff shockwaves; Scapia's fundraisePresident Donald Trump's broad import tariffs will have repercussions for the tech world. This and more in today's ETtech Top 5.
- LGBTQ+ creators brace for Meta's pro-Trump changesThe changes to Meta, which owns Facebook, Instagram and Threads, were announced last week by CEO Mark Zuckerberg, with critics saying the m...
- Potential TikTok bidder seeks a CEO, prepares business overhaulUS billionaire businessman Frank McCourt vision for TikTok includes revamping the company's advertising model so that users will have contr...
- TikTok owner ByteDance's profit jumps 60% in 2023 amid worries of US banByteDance Ltd. witnessed a remarkable 60% surge in profits in 2023, surpassing industry giants Tencent Holdings Ltd. and Alibaba Group Hold...
- Elon Musk's X aims to hire 100 content moderators in Austin by end of yearSocial media company X is in the process of hiring 100 content moderators for a new office in Austin, Texas that will focus on fighting chi...
- ByteDance to wind down Nuverse in full retreat from gamingThe Chinese technology firm has no plan to return to the $185 billion global video games market, said the people, who declined to be identi...
- China's Bytedance eyes sale of gaming unit Moonton, speaking to potential buyersShanghai-based Moonton, which has developed the popular mobile game "Mobile Legends: Bang Bang", was acquired by ByteDance in 2021. At the ...
- Snap appoints Pulkit Trivedi as India managing director, rejigs local org structureSnap, the parent company of Snapchat, on Wednesday appointed Pulkit Trivedi as India Managing Director who will report to Snap's APAC Presi...
- China's ByteDance to overhaul VR arm Pico as global demand declinesChina-based Pico held an internal meeting on Tuesday announcing the unit would keep its hardware team, but much of its software team would ...
- Meta stuns Street with lower costs, big buyback, upbeat salesMeta stock surged nearly 19% in after-hours trade. If gains hold on Thursday, it would set up the shares for their biggest intraday surge i...
- Meta stock craters over bleak forecast and expensive metaverse betsThe disappointing outlook comes as Meta is contending with slowing global economic growth, competition from TikTok, privacy changes from Ap...
- Meta posts first-ever revenue drop as inflation throttles ad salesMonthly active users on flagship social network Facebook came in slightly under analyst expectations at 2.93 billion in the second quarter,...
- 'Operating with increased intensity': Mark Zuckerberg leads Meta into next phaseFacebook’s founder is setting a relentless pace as he pushes his company through a tech transformation during a global economic slowdown.
- China's ByteDance says has reorganised strategic investment teamThe Chinese company was responding to local media reports on Wednesday which said it had dissolved its strategic investment team. The compa...
- TikTok founder Zhang Yiming enters world's richest people-club with over $60 billion net worthDuring its last fundraising round, ByteDance reached a $180 billion valuation.
- TikTok, WeChat are just the beginning, nations fight over data to leave decades-long impactPresident Donald Trump’s moves to prevent some of China’s biggest companies from accessing the private data of Americans -- restrictions se...
- TikTok-maker is launching Google-like work tools during coronavirus outbreakBy focusing on the local China market first and targeting individual users, ByteDance will try to capture the latent demand in the country ...
- Facebook gears up for marketing push in IndiaThe plan, sources told ET, is to enhance user engagement across the suite of apps – Facebook, Instagram and WhatsApp. The move comes at a t...
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