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 […]
TikTok parent ByteDance reportedly values itself at $300 billion Read More »
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
TikTok launches integration with Lemon8, as US ban looms Read More »
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
Canada orders shutdown of TikTok offices over security risks (but won’t block app) Read More »
This week on the StrictlyVC Download, hosts Connie Loizos and Alex Gove explore the intersection of technology power and the future of the internet with billionaire investor and philanthropist Frank McCourt. Though McCourt has made headlines through his ownership of the Los Angeles Dodgers, he’s now making waves with his ambitious efforts to reshape the
Billionaire Frank McCourt Wants to Buy TikTok; Here’s His Plan Read More »
ByteDance is shuttering its music streaming service TikTok Music worldwide in November, according to its website. “We are sorry to inform you that TikTok Music will be closing on 28 November 2024,” the notice on the site read. The Spotify and Apple Music competitor was available in Indonesia, Brazil, Australia, Singapore, and Mexico. ByteDance didn’t
ByteDance is shutting down TikTok Music globally Read More »
As TikTok heads to court on Monday to argue against a U.S. ban, parent company ByteDance’s newer social app, Lemon8, is once again surging to the top of the App Store in the U.S. The push is due, in part, to increased advertising. Described by TikTok influencers as a cross between Pinterest and Instagram —
As TikTok ban heads to court, ByteDance’s Lemon8 surges Read More »
Bytedance’s video editing app CapCut will stop offering free cloud storage to host creative assets starting August 5. In the past few days, users have received notifications about Capcut changing its terms for the free tier. Until now, the company used to have 1 GB of free cloud storage — this is going away. You
CapCut will stop offering free cloud storage from August 5 Read More »
TikTok earlier this month launched a new social app called Whee, an Instagram-like service for taking photos to share with friends. Like Instagram, Whee also supports the use of photo filters and includes messaging. However, the company’s plans for Whee aren’t clear, as the app has relatively few downloads and has yet to advertise itself
TikTok’s Instagram rival, Whee, has no traction Read More »
In order to have users spend more time on the platform and ramp up engagement, TikTok is testing streaks that are similar to what people see on Snapchat. TikTok confirmed that it is testing the feature but didn’t provide any statement related to it. The company said that it is experimenting with the streaks feature
TikTok is testing Snapchat-like streaks Read More »
TikTok may be routing around the App Store to save money on commissions. According to new findings, the ByteDance-owned social video app is presenting some of its users with a link to a website for purchasing the coins used for tipping digital creators. Typically, these coins are bought via in-app purchase, which requires a 30%
Screenshots suggest TikTok is circumventing Apple App Store commissions Read More »
