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Tag Archives: bytedance

TikTok Parent Company ByteDance to Spend $5B Buying Back Stock

TikTok’s parent company ByteDance plans to spend $5 billion buying back stock from shareholders. This will bring its valuation to $268 billion. As per recent reports, ByteDance, the parent company of TikTok, plans to spend about $5 billion buying back stock from its shareholders. This comes as the company has faced several setbacks in its journey to becoming publicly listed, including the economy back in China and regulatory issues in the United States. ByteDance Buying Back Stock Reports...

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TikTok Introduces New AI Content Labels for Enhanced Transparency

Starting this week, TikTok plans to begin testing the “AI-generated” labels, which will automatically mark content identified as having been edited or created using AI. In response to the increasing use of artificial intelligence (AI) in content creation, TikTok has unveiled a new feature to enhance users’ transparency on the platform. On September 19, the social media giant announced its plans to introduce new tools and technologies that allow content creators to label AI-generated...

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TikTok Moves to Expand Online Retail Shop with New E-Commerce Initiative

The new shopping feature introduced by TikTok is limited to UK users for now. TikTok, the popular video-sharing social media platform, is taking a big step into the world of e-commerce with its latest shopping venture. The company has recently introduced a new in-app feature called “Trendy Beat”, which serves as a gateway to a world of trending and popular items. TikTok Unlocking a New E-Commerce Experience The new shopping feature allows users to explore and purchase a wide selection of...

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ByteDance Pushes Lemon8 in US as TikTok Faces Possible Ban

Lemon8 growth in the US could also get the attention of US regulators, especially due to its relationship with ByteDance. Chinese tech giant and TikTok developer ByteDance is pushing another social media app, Lemon8, into the US market as TikTok faces a possible ban. The popular short video app is under pressure in the US due to concerns over the handling of users’ data. Already, more than 24 states in the country have banned TikTok on government-issued devices. US lawmakers have referred...

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TikTok Boom Helps ByteDance Match Tencent’s $80B in Sales

ByteDance spectacular performance comes despite uncertain macro conditions and a major fall for tech companies in 2022. Last year in 2022, TikTok parent ByteDance reported a strong 30% surge in its revenue crossing $80 billion in sales and matching other tech giants like Tencent. ByteDance’s twin video platforms TikTok and Douyin witnessed a massive boom and user activity while pulling a large number of advertisers onto the platform. ByteDance Sales and Other Performance Parameters In a...

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TikTok Rival from Vine Creator Called Byte Successfully Debuts on App Store and Google Play

Byte, a 6-seconds video-sharing app created by the co-founder of Vine, Dom Hofmann, has been launched on Apple‘s App Store and Google Play. Interestingly, Byte is now among the most downloaded apps in both stores despite the flaws it has. As such, the app could potentially meet its aim to rival ByteDance‘sTikTok, a video sharing platform valued at $75 billion.Byte Launches on Apple and Google StoresOn January 24, 2020, Byte was launched on Apple App Store and Google Play Store.Reportedly, the...

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Can TikTok Become Bigger than Instagram? Snap CEO Says It Is Highly Possible

TikTok is the video app popular among Generation Z ( the demographic cohort succeeding the Millennials, or Generation Y. Demographers and researchers typically use this term speaking about the mid- to late-1990s as starting birth years). The app is best known for its viral dancing and singing challenges, is obviously now a number one entertainment app on Apple‘s App Store for example.But let’s start from the beginning. There are many social media nowadays but few have the chance to get...

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