ByteDance is reportedly launching a share sale that will value it at $330 billion. The Chinese tech giant plans to offer employees $200.41 per share in the repurchase program, Reuters reported Wednesday (Aug. 27), citing sources familiar with the matter. That figure is up from the $189.90...
Private equity group Blackstone has withdrawn from plans to invest in TikTok US. That’s according to a report Friday (July 18) by Reuters, citing a source familiar with the matter. The change, as Reuters pointed out, is happening amid mounting uncertainty about a deal for...
TikTok is reportedly creating a new version of its American app before a planned sale. The popular video platform has come up with plans to introduce the new TikTok app, code-named “M2,” on Sept. 5, The Information reported Sunday (July 6), citing two sources with...
TikTok has reportedly made the third round of layoffs in three months at its U.S. eCommerce division, TikTok Shop. The company did not say how many jobs were cut, Bloomberg reported Wednesday (July 2). “As the TikTok Shop business evolves, we regularly review our operations...
President Donald Trump has reportedly found a group of investors to purchase TikTok. The president made this announcement during a FOX News interview Sunday (June 29), saying a “group of very wealthy people” was set to purchase the U.S. operations of the social media platform...
TikTok owner ByteDance has less than two days to find a U.S. buyer for the platform. However, President Donald Trump says he is likely to give the Chinese tech conglomerate more time to forge a deal, Reuters reported Tuesday (June 17). Trump had said last month that he would extend the June...
Pinterest has introduced two artificial intelligence (AI)-powered tools for advertisers that it says will provide enhanced ad solutions and shopping trend forecasts. One tool now being piloted among select advertisers is auto-collages, which uses AI to turn advertisers’ existing Pinterest product catalog into shoppable collages,...
After months of government work, Elon Musk says he is “super focused” on his companies. The multibillionaire made that comment Saturday (May 24) on his X social media platform, following an outage impacting tens of thousands of customers. “Back to spending 24/7 at work and...
TikTok’s U.S. eCommerce workers are reportedly facing possible job cuts. That’s according to a Bloomberg News report Wednesday (May 21), citing an internal memo to the social media company’s employees advising them to work from home as they await emails on “difficult decisions.” The Chinese-owned company is examining...