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Tencent To Shut Down Content Creation App Just 3 Years After Rollout
Monday, August 8, 2022 - 9:21pm | 417Chinese tech giant Tencent Holdings Ltd. (OTC: TCEHY) is planning to shut down its content creation app Kandian next Monday as part of a broader strategy to become more efficient, the South China Morning Post reported. What Happened: Kandian will shut down...
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Gordon Ramsay's TikTok Video Featuring Hapless Lamb Earns Online Backlash: 'That Crosses The Line'
Monday, August 1, 2022 - 2:21am | 552A TikTok video posted by celebrity British chef Gordon Ramsay’s official account is earning some backlash online. What Happened: Gordon can be seen creeping up on some lambs in a pen in the video saying “I’m going to eat you” to the lambs while crossing into the...
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Mark Zuckerberg Doubles Down On Facebook And Instagram's Mutation Into TikTok
Wednesday, July 27, 2022 - 11:26pm | 544Meta Platforms Inc (NASDAQ: META) CEO Mark Zuckerberg says one of the transformations at the company is that social feeds are going from being driven by people to being driven by artificial intelligence. What Happened: Zuckerberg, talking at Meta’s second-quarter...
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TikTok Takes This Step Amid Increased Scrutiny Over Misuse Of US User Data
Saturday, July 16, 2022 - 10:55am | 348China's ByteDance-owned TikTok has been facing increasing heat over China having access to data collected by the short-video app from users in the U.S. What Happened: TikTok named Kim Albarella as interim head of Global Security Organization following the transition of Ronald Cloutier, Global...
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TikTok Star Asks 7M Followers For Leads After Her Son Is Killed At Alabama Gas Station
Monday, June 27, 2022 - 12:38am | 471TikTok star Ophelia Nichols has appealed to her seven million-plus followers for help after her son Randon Lee was shot dead last week at a gas station near Mobile, Alabama. What Happened: Nichols, popularly known as “Mama Tot,” on TikTok said, “I ain...
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Your Gaming Options Are Set To Explode — Thanks To TikTok
Friday, May 20, 2022 - 6:00am | 462ByteDance-owned TikTok is testing games on its short-form video platform through a tie-up with Zynga Inc (NASDAQ: ZNGA) as it plans to foray into new waters, Reuters reported on Friday. What Happened: TikTok is planning to make gaming more widely available in...
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At $100B, This Chinese Fashion E-Tailer Could Become The Most Valued Startup After TikTok Parent, SpaceX
Monday, April 4, 2022 - 4:39am | 280Chinese online fast-fashion retailer SHEIN is mulling a $1 billion funding that could shoot its valuation past the owners of H&M, Uniqlo (OTC: FRCOY), and Zara. What Happened: According to a Bloomberg report, the e-tailer is in talks with potential investors, including General...
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Will Elon Musk Be The First Trillionaire? Here's What One Study Predicts And Who Could Be The Youngest
Saturday, March 26, 2022 - 4:18pm | 856Elon Musk saw his wealth soar in 2021 with the rising price of Tesla Inc (NASDAQ: TSLA) shares and the private valuation given to SpaceX. At one point in 2021, Musk was worth as much as all the MLB, NBA, NFL and NHL teams combined. Here’s a look at how quickly Musk could become a...
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TikTok, Owned By China's ByteDance, Joins US Peers In Pulling Back From Russia
Monday, March 7, 2022 - 3:16am | 349TikTok, the popular video app owned by China’s ByteDance, said it was suspending live streaming and the addition of new content to its video service in Russia. What Happened: The company attributed its move to Russia’s new “fake news” law, which was signed by President...
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TikTok Tells US Lawmakers It Does Not Give Information To China's Government, Says Data Is Safe
Tuesday, October 26, 2021 - 4:08pm | 261During a U.S. congressional hearing on Tuesday, TikTok denied sharing any data with the Chinese government and said it had taken steps to safeguard the data. Former U.S. President Donald Trump had sought to bar TikTok from U.S. app stores, saying it collected data from American users that China...
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Elon Musk's SpaceX Valuation Zooms Past $100B Following Insider Sale: Report
Friday, October 8, 2021 - 11:22am | 437Elon Musk may have been reluctant to take his SpaceX public, but his space venture has reportedly reached a milestone in terms of valuation. What Happened: SpaceX was founded by Tesla, Inc.'s (NASDAQ: TSLA) Musk in 2002 with the objective of making space travel cheaper and...
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ByteDance Aims For Hong Kong IPO By Early 2022 Despite China Tech Crackdown: FT
Sunday, August 8, 2021 - 12:29pm | 202ByteDance, the owner of the short video platform TikTok, is aiming to go public with a listing in Hong Kong by early 2022, the Financial Times reports. The company is planning for the IPO either in the fourth quarter of this year or early 2022, FT reports citing sources. In April, ByteDance said...
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Video Resumes, Dating Videos: 2 New Features For TikTok Users
Tuesday, May 11, 2021 - 4:20pm | 705TikTok is one of the most popular apps for the Gen Z market. As the platform continues to grow and launch new products, new entries from the company and a third-party company are bringing new items to TikTok. Employee Recruitment: TikTok could be launching a jobs service for the Gen Z market soon....
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Fintech Focus For April 30, 2021
Thursday, April 29, 2021 - 6:45pm | 2175Quote To Start The Day: “My fantasy is to break up the big banks. I wish we would end 'too big to fail' in our banking system.” Source: Kenneth C. Griffin One Big Thing In Fintech: Per a CB Insights compilation of Q1 2021 fintech venture capital data from around the world, the...
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ByteDance Ditches IPO Plans For The Time Being: SCMP
Friday, April 23, 2021 - 2:29pm | 436TikTok and Douyin parent, ByteDance, has dismissed its initial public offering (IPO) plans, for the time being, South China Morning Post reports. ByteDance reached a $400 billion valuation in the private market, almost tripling its $140 billion valuation post a March 2020 fundraising....