TikTok calls in tech start-ups to help with ecommerce push November 27, 2022 TikTok has called in tech start-ups to boost its ecommerce operations in a desperate attempt to diversify revenue streams. According to initial reports from the Financial Times, TikTok’s parent firm Bytedance has been working with YunExpress as a logistics partner to get its social commerce offering off the ground on a more global scale. It [...]
Teens keep flocking to TikTok for book inspiration November 23, 2022 Youngsters say that TikTok has helped them rediscover their love for reading, as the tech giant continues to push into the book selling market. New research from the Publishers Association published today found that BookTok, the social media trend focusing on books and literature, is playing a key role in getting Gen-Z reading again. In a [...]
TikTok tackles US data woes head-on and digs at Twitter November 16, 2022 THE CHIEF of TikTok said the video-sharing giant was pumping heaving investment into US data security in a bid to allay fears from across the Atlantic. Speaking at the Bloomberg New Economy Forum in Singapore earlier today, TikTok boss Shou Zi Chew said the firm was working on ‘Project Texas’, which would isolate sensitive data [...]
Tiktok’s new privacy update confirms staff across the world access your data November 2, 2022 TIKTOK told European users that their data can be accessed by employees in China, adding to the privacy concerns. The video sharing platform is updating its privacy policy to confirm that staff across the world can access user data. This means European user data could be accessed from China, Brazil, Canada, Israel, the US and [...]
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 [...]