ByteDance Launches Share Buyback After Shelving IPO Plans
ByteDance Inc., the Chinese owner of short-video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct...
Tag : TikTok
Founder of ByteDance Zhang Yiming to Step Down as CEO
Zhang Yiming, co-founder of ByteDance, will step down as CEO and take a new role, the company said on Thursday. Another co-founder, Liang Rubo, will...
TikTok Tests In-App Shopping To Challenge FB
TikTok is working with brands including streetwear label Hype to test in-app sales in Europe, a move that will intensify its competition with Facebook Inc....
Russia Fines Apple $12 Million for Alleged App Market Abuse
Russia said it had fined Apple $12 million for alleged abuse of its dominance in the mobile applications market, in the latest dispute between Moscow...
FB Begins Testing Ads in Instagram Reels
Facebook on Thursday said it will begin testing ads on its TikTok clone Instagram Reels in India, Brazil, Germany, and Australia, as the social media...
Govt Freezes ByteDance India Bank Accounts
Indian authorities have blocked bank accounts of ByteDance in the country for alleged tax evasion and the company has asked a court to quash the...
Snapchat Tests TikTok-Like ‘Duets’ Feature
Snapchat is testing another TikTok-inspired feature that lets users remix their Snap. It’s similar to TikTok’s ‘Duets’ feature wherein two users can record videos and...
Microsoft CEO Hunts for Creator Hub after TikTok Bid Fails
Microsoft Corp.’s latest takeover targets have baffled some analysts and investors who are well aware of the company’s spotty track record in consumer businesses and...
Facebook Tests Instagram Reels on its News Feed in India
Facebook Inc said on Monday it was testing a feature on Instagram that allows some content creators in India to share short video clips, known...
Netflix Serves Up TikTok Style Fast Laughs
Netflix on Wednesday added a “Fast Laughs” feature to its iPhone app, serving up comic clips in rapid-fire, in a move taking on the popular...