Tiktok parent firm ByteDance boosts stock option buyback October 12, 2022 In a quest to keep staff happy, TikTok’s parent firm ByteDance is reportedly initiating a second stock option buyback for staff at a higher price than the previous one. The Chinese company told staff via email that those eligible can apply to cash out their Restricted Stock Units (RSUs), ByteDance’s stock option programme. It offered [...]
UK spy chief tells parents not to worry about letting kids on TikTok October 11, 2022 Top UK spy chief has said he wouldn’t tell youngsters to keep away from TikTok, despite concerns from the government about the Chinese app’s safety. The director of GCHQ Jeremy Fleming told BBC Radio 4’s Today show that he would not be concerned if his own children used the social media, but said he would discuss [...]
Top Apple exec let go over vulgar viral TikTok video September 30, 2022 A top Apple executive is to leave after being filmed making inappropriate jokes on social media. Tony Blevins, the technology giant’s vice president of procurement, was heard talking about “fondling big-breasted women” for his job, during a viral post on TikTok. In the clip by Daniel Mac, a viral blogger who asks people in nice [...]
TikTok could face £27m fine over children’s privacy allegations September 26, 2022 TikTok is facing a possible £27m fine over claims it may have broken UK data protection law and failed to protect children’s privacy. The Information Commissioner (ICO) handed the social media platform a ‘notice of intent’ over alleged breaches between May 2018 and 2020. The investigation discovered TikTok may have processed children’s data without the [...]
TikTok-owner ByteDance to lower price of employee stock options amid slipping growth August 31, 2022 TikTok-owner ByteDance is reportedly looking to lower the price of its stock options for employees amid declining growth. The Chinese technology giant is expected to lower prices to $155 a share from $195, Bloomberg first reported, citing a human resources executive. ByteDance’s revenue growth slipped to 70 per cent year-on-year last year, down from [...]
Meta: Instagram owner has first ever fall in sales revenue but monthly Facebook usage grows July 28, 2022 Facebook and Instagram owner Meta had its first ever drop in sales revenue in the first time in its history. The social media giant’s revenue stood at $28.2bn in the first three months up to June this year, down from $29bn in the same period last year, marking a one per cent fall. The Mark [...]
Instagram, TikTok and YouTube named top news source for teens July 21, 2022 Fresh data has revealed that Instagram is the most popular news source among British teenagers, intensifying calls to regulate Big Tech as news providers. According to a new Ofcom report , youngsters are turning away from traditional news channels like the BBC and instead looking to Instagram, TikTok and YouTube to keep up to date. [...]
Long read: TikTok’s march to the top by no means inevitable July 14, 2022 Ian Whittaker is twice winner of the City A.M. Analyst of the Year as well as a judge on this year’s awards, and founder of advisory firm Liberty Sky Advisors Given investors’ embrace of capitalism, it is ironic that their view of Tech – especially when it comes to the leading players – can be [...]
Apple and Google told by FCC to axe TikTok in app store over privacy concerns June 29, 2022 The US FCC Commissioner has written to Apple and Google calling on the Silicon Valley giants to axe TikTok from app stores for “its pattern of surreptitious data practices.”
TikTok ups its child ad protections as the threat of EU sanctions looms June 21, 2022 TikTok has agreed to better protect children that use its platform in order to dodge the threat of possible sanctions from Brussels. The European Consumer Organisation (BEUC) filed a complaint to the European Commission in 2021, which said that the Bytedance-owned company failed to protect children from hidden advertising and inappropriate content. Following over a [...]