ByteDance Financial News

TikTok users need to visit the profile which he or she wants to block. Once you reach the profile, subscribers need to tap three dots visible on the right-hand corner. The option of 'Block' will be visible. Once blocked, that user won't be able to interact and engage with content. TikTok subscribers can unblock someone if they want to. TikTok subscribers need to visit the profile which they want to unblock. Go to the aforementioned three dots and tap the 'Unblock' option. The United States has concerns about issues over privacy and social media, and the matter involving TikTok is not yet resolved, US Treasury Secretary Janet Yellen told CNBC in an interview on Monday. Yellen declined to discuss details involving the short video platform owned by Chinese parent company ByteDance, citing pending legal action that prevents US regulators from acting.

The Information. Shleifer’s decision to transition out is largely based on geography, a person familiar with the development said, asking to remain anonymous. “Tiger Global is operating in-person out of our New York offices, whereas Scott and his family have made their home in Florida and want to stay there.

Baidu on Tuesday announced modest year-on-year revenue growth of 6% in the third quarter of 2023, beating analyst expectations. Facing increased domestic competition and a sluggish economy, the company — which operates a major search engine and map service — has sought to diversify into cloud computing, autonomous driving, artificial intelligence (AI) and other sectors.

TikTok and Meta are filing legal challenges against new European Union rules designed to counter the dominance of digital giants and make online competition fairer by giving consumers more choice

After surging nearly 20% from the beginning of the month, Nvidia (NASDAQ:NVDA) stock hit and all-time high of $499.60 before undergoing a correction on Wednesday, closing the day down 1.55%. The $500 level, which is a major psychological level, seemed to have generated profit-taking just like it did at the end of August and the beginning of September.

(Reuters) -A federal judge on Tuesday rejected efforts by major social media companies to dismiss nationwide litigation accusing them of illegally enticing and then addicting millions of children to their platforms, damaging their mental health.

Sea reported a surprise third-quarter loss as the Southeast Asian tech giant prioritized growth over profits by pouring money into its e-commerce business, sending its shares more than 17% lower on Tuesday. Rising competition from Alibaba Group's Lazada and ByteDance's TikTok, along with new entrants like PDD's Temu, have forced Sea to revamp its playbook this year, with warnings that the increased ecommerce investments may lead to losses in some quarters.

Nepal’s government has decided to ban the popular social media app TikTok, saying it was disrupting “social harmony” in the country

TikTok’S chief executive, Shou Zi Chew, faced angry lawmakers in Washington, who grilled him for five hours on topics ranging from misinformation to mental health. A threat of a ban in America, the short-video app’s largest market, looms large. Other Western governments are making similar noises.

Coinbase said on Tuesday it had added four national security experts to its global advisory council as the cryptocurrency industry comes under intense regulatory scrutiny following the collapse of Sam Bankman-Fried's FTX. Mark Esper, Stephanie Murphy, Frances Townsend and David Urban are joining the council, which advises the company's executive leadership team.

ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees outside the United States for $160 apiece, a source familiar with the matter said on Wednesday, a plan that the company confirmed. The price per restricted stock unit is in line with an offer it made to current and former US employees in October, according to a Reuters report which said the company was looking to buy at least $300 million worth of stock at $160 per share.

Shein is touting its hopes for a valuation of as much as $90 billion as it lays the groundwork for an eventual US initial public offering, a level that far exceeds how the fast-fashion giant is valued in private trades, according to people familiar with the matter. The company has told prospective investors that it’s aiming to fetch a valuation of $80 billion to $90 billion in a listing, the people said. The timing of the share sale remains uncertain given the market volatility, according to the people. In private trades, Shein’s valuation has dropped below the $66 billion it got in a funding round in May, the people said.

China's most popular social media platforms on Tuesday announced that «self-media» accounts with more than 500,000 followers will be asked to display real-name information, a controversial measure that has prompted concerns over doxxing and privacy among some users. «Self-media» includes news and information not necessarily approved by the government, a genre of online content regulators have cracked down on in recent years to «purify» China's cyberspace.

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TikTok and Montana faced off in federal court on Thursday in a case filed by the video sharing app and five Montana content creators who want the court to temporarily block the state's ban on the platform before it takes effect Jan. 1. Attorneys for TikTok and the content creators argued that the state has gone «completely overboard» in trying to regulate TikTok and is essentially trying to implement its own foreign policy over unproven concerns that TikTok might share user data with the Chinese government.

TikTok and Montana faced off in federal court in a case filed by the video sharing app and five content creators who want the court to temporarily block the state's ban on the platform before it takes effect on Jan. 1

ByteDance, the parent company of TikTok, reported an operating profit of nearly $6 billion in the first quarter of 2023, according to the Wall Street Journal.

TikTok, the hugely popular video-sharing app that some in both parties allege is a potential spy mechanism for China. But entrepreneur Vivek Ramaswamy recently became the first 2024 candidate to join the platform, which says it has over 150 million U.S. users. That's even as he's accused Beijing of pushing TikTok as "digital fentanyl" to Americans and wants the app banned entirely.

(Reuters) — U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the U.S., as political pressure mounts on American companies to limit investments in Chinese technology.

BEIJING — Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as ByteDance and Didi, according to a PitchBook report Monday.

TikTok employees in the United States expressed frustration and dismay this week after the company introduced a tool for tracking office attendance and threatened disciplinary action for failing to comply with new in-person mandates, in an unusual effort to get workers back into the office with custom data-collection technology. Employees at TikTok, which is owned by Chinese company ByteDance, received notices this week about the new tool, an app called MyRTO. The app, which is built into the company's internal software, monitors badge swipes and asks employees to explain «deviations» — absences on days they are meant to be in the office — according to emails and screenshots shared with The New York Times.