TikTok-owner ByteDance to lower price of employee stock options amid slipping growth August 31, 2022 TikTok-owner ByteDance is reportedly looking to lower the price of its stock options for employees amid declining growth. The Chinese technology giant is expected to lower prices to $155 a share from $195, Bloomberg first reported, citing a human resources executive. ByteDance’s revenue growth slipped to 70 per cent year-on-year last year, down from [...]
Meta: Instagram owner has first ever fall in sales revenue but monthly Facebook usage grows July 28, 2022 Facebook and Instagram owner Meta had its first ever drop in sales revenue in the first time in its history. The social media giant’s revenue stood at $28.2bn in the first three months up to June this year, down from $29bn in the same period last year, marking a one per cent fall. The Mark [...]
Instagram, TikTok and YouTube named top news source for teens July 21, 2022 Fresh data has revealed that Instagram is the most popular news source among British teenagers, intensifying calls to regulate Big Tech as news providers. According to a new Ofcom report , youngsters are turning away from traditional news channels like the BBC and instead looking to Instagram, TikTok and YouTube to keep up to date. [...]
Long read: TikTok’s march to the top by no means inevitable July 14, 2022 Ian Whittaker is twice winner of the City A.M. Analyst of the Year as well as a judge on this year’s awards, and founder of advisory firm Liberty Sky Advisors Given investors’ embrace of capitalism, it is ironic that their view of Tech – especially when it comes to the leading players – can be [...]
Apple and Google told by FCC to axe TikTok in app store over privacy concerns June 29, 2022 The US FCC Commissioner has written to Apple and Google calling on the Silicon Valley giants to axe TikTok from app stores for “its pattern of surreptitious data practices.”
TikTok ups its child ad protections as the threat of EU sanctions looms June 21, 2022 TikTok has agreed to better protect children that use its platform in order to dodge the threat of possible sanctions from Brussels. The European Consumer Organisation (BEUC) filed a complaint to the European Commission in 2021, which said that the Bytedance-owned company failed to protect children from hidden advertising and inappropriate content. Following over a [...]
TikTok exec who ‘didn’t believe’ in maternity leave takes step back June 8, 2022 TikTok has launched a formal investigation into comments from a senior exec at its parent firm ByteDance, who said at a staff dinner in London that as a “capitalist”, he “didn’t believe” companies should offer maternity leave.
TikTok mockery: Boris Johnson criticised for video clip amid cost of living woes May 11, 2022 Despite hitting over half a million views in hours, Boris Johnson’s new TikTok has been met with more ridicule than it has revelling. Posting from his new @10downingstreet account yesterday, the public have taken to social media to slam the Prime Minister. One commented: “Country going into recession so the Government made a TikTok to help [...]
Influencers: MPs call for better protection for TikTok stars May 9, 2022 MPs will today call for greater action to be taken in advertising and employment rules to protect children and online performers, arguing that regulation has failed to keep pace with the growth of online influencer culture.
Silicon Valley forced to become copycats as TikTok set to triple ad revenue to £8.4bn April 11, 2022 Chinese powerhouse TikTok is on track to dwarf its US rivals this year, with advertising revenue set to triple to more than $11bn (£8.4bn)