ByteDance, the Chinese company that owns TikTok, valued itself at $300 billion in a recent share buyback offer, according to a new report in The Wall Street Journal. That number might sound familiar, as the WSJ previously reported on a ByteDance buyback offer at a $300 billion valuation back in September 2022. But a year […]
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Users will be able to directly access Lemon8, ByteDance’s newer social media app, with their TikTok account, the company announced Tuesday. ByteDance says the integration will make photo-sharing more feasible, and give creators the ability to cross-share photo content between the apps. Lemon8 will remain a separate app, but the two platforms will share a […]
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With all eyes on how a new Trump administration in the U.S. will interface with China Tech in the years ahead, its neighbor to the north has levelled a blow to one of the biggest apps to come out of the country. Canada has ordered the closure of ByteDance’s operations in Canada — specifically the […]
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ByteDance’s TikTok is laying off hundreds of employees, mainly in Malaysia, according to Reuters. The cuts come as the social network is increasingly turning to AI for content moderation. The cuts do not impact employees in the U.S. Although TikTok did not provide the exact number, it said that less than 500 people were affected. […]
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