PYMNTS-MonitorEdge-May-2024

Bytedance

As TikTok Is Squeezed, ByteDance Makes Lemon8
As TikTok Is Squeezed, ByteDance Makes Lemon8
April 29, 2023  |  Social Commerce

Lemon8, the sibling app of TikTok, is steadily growing its user base while TikTok faces challenges on Capitol Hill and the first state-approved measure to...

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TikTok Ad Spending up 11% Despite Ban Threat
TikTok Ad Spending up 11% Despite Ban Threat
April 06, 2023  |  Retail

TikTok might get banned in the U.S., but advertisers apparently aren’t behaving that way. Ad spending on the popular social media platform grew by 11%...

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McCarthy Says House ‘Moving Forward’ With TikTok Bill
McCarthy Says House ‘Moving Forward’ With TikTok Bill
March 26, 2023  |  Politics

House Speaker Kevin McCarthy says the time has come to put restrictions on TikTok. “The House will be moving forward with legislation to protect Americans...

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What a Ban on TikTok in the US Could Mean for Brands and Retailers
What a Ban on TikTok in the US Could Mean for Brands and Retailers
March 24, 2023  |  Retail

TikTok CEO Shou Zi Chew testified before the House Committee on Energy and Commerce for about five hours on Thursday (March 23). Throughout the hearing,...

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Who Wins If TikTok Loses in the US?
Who Wins If TikTok Loses in the US?
March 16, 2023  |  Cybersecurity

TikTok, owned by Beijing-based ByteDance, is coming under global fire as long-simmering fears bubble over. The U.K. banned TikTok from government phones Thursday (March 16),...

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ByteDance Says Employees Improperly Accessed TikTok User Data 
ByteDance Says Employees Improperly Accessed TikTok User Data 
December 22, 2022  |  Data

TikTok parent company ByteDance reportedly said employees improperly accessed two journalists’ TikTok user data.  General Counsel Erich Andersen wrote in a Thursday (Dec. 22) email...

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South Dakota Governor Bans TikTok From State Devices
South Dakota Governor Bans TikTok From State Devices
November 29, 2022  |  Regulation

South Dakota Gov. Kristi Noem has banned the use of TikTok on state devices.  Noem signed an executive order Tuesday (Nov. 29) that applies the...

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Report: TikTok Owner ByteDance Saw Losses Triple in 2021
Report: TikTok Owner ByteDance Saw Losses Triple in 2021
October 06, 2022  |  Mobile Applications

ByteDance, the Chinese company that owns TikTok, saw its operating losses triple in 2021, ballooning to more than $7 billion as the company spent to...

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ByteDance CFO: No Plans to Take Company Public
ByteDance CFO: No Plans to Take Company Public
September 02, 2022  |  Social Commerce

ByteDance, the Chinese unicorn that owns the popular social media platform TikTok, has no plans to go public, the company’s chief financial officer said this...

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