ByteDance

After being on the backfoot throughout 2023 in the AI race, Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google announced Gemini, its biggest salvo yet against OpenAI's ChatGPT. But TikTok parent ByteDance is already breathing down Google's neck. What Happened: TikTok parent ByteDance is gearing up...

Key Takeaways: ByteDance will phase out its Nuverse gaming division, laying off hundreds of employees and terminating all ongoing gaming projects by the end of the year The internet giant’s decision follows previous similar scale-backs in its education, real estate and virtual reality...

Alibaba Group Holding Ltd (NYSE: BABA) is on the verge of losing its title as China's most valuable e-commerce company to PDD Holdings Inc (NASDAQ: PDD), an eight-year-old competitor.  Alibaba's market value in Hong Kong dropped to about $187 billion, closely...

In an unexpected turn, TikTok’s parent company, ByteDance Ltd. is preparing to bid farewell to the gaming industry by shutting down its principal brand, Nuverse, and eliminating hundreds of jobs. This decision puts its competitor, Tencent Holdings Ltd., in a more advantageous position. What...

A recent TikTok-commissioned study by entertainment analytics firm Luminate shed light on the app's significant impact on the music industry. The report highlighted TikTok users were more engaged with music compared to the average listener, demonstrating behaviors that benefit artists...

President Joe Biden is 80 years old and his age has been one of the question marks ahead of the 2024 presidential election. In a push to appeal to younger voters, Biden may be turning to a newer social media platform. What Happened: Biden currently trails Republican presidential frontrunner Donald...

The EU’s industry chief, Thierry Breton, is set to seek information from Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL)YouTube and ByteDance-owned TikTok regarding their child protection policies. This move is part of a wider effort to ensure the tech...

In a significant development, TikTok CEO Shou Zi Chew is scheduled to hold discussions with EU regulators next week. The meetings will focus on critical issues such as data protection, disinformation and competition regulations. What Happened: As reported by Bloomberg...

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOG)-owned Google’s senior executive, Prabhakar Raghavan, has expressed concerns over user loss to Amazon Inc. (NASDAQ:AMZN) and ByteDance-owned TikTok, saying that it keeps him awake at night, during his testimony...

During Meta Platforms Inc.’s (NASDAQ:META) third-quarter earnings call on Wednesday, CEO Mark Zuckerberg stated that the Reels, the feature that was introduced as the company’s answer to TikTok’s short video format, has transitioned from its...

Weibo Corporation (NASDAQ:WB), often referred to as China’s Twitter (now rebranded as X) counterpart, reportedly plans to mandate top influencers, those with more than one million followers, to display their real names on the platform, raising concerns about online privacy in...

ByteDance-owned TikTok and Meta Platforms Inc.’s (NASDAQ:META) Instagram continues to maintain their dominance as the world’s most downloaded apps in September, while Elon Musk’s X and Mark Zuckerberg’s Threads ...

Eighteen state attorneys general, including Virginia, have announced their support for Montana’s ban on China’s ByteDance-owned TikTok, citing concerns about the app’s alleged deceptive practices and potential risks to users’ privacy and national security....

In the recent past, billionaire investor Mark Cuban has come under scrutiny for his financial advice shared on TikTok, leading to a wave of criticism from the app’s users. What Happened: According to a report by Insider on Tuesday, Cuban’s TikTok presence resurfaced after his initial...

After months of testing, Elon Musk’s X, formerly known as Twitter, has unveiled the ‘Swipe Up” video feature, drawing mixed reactions from users. What Happened: The ‘Swipe Up for More’ feature allows users to easily access recommended video content by...