While TikTok faces an uncertain future in the U.S., its Chinese parent company continues to rake in cash. On Wednesday, Bloomberg reported that ByteDance’s profit jumped 60% in 2023 to more than $40 billion, compared to $25 billion in 2022, citing people familiar with the matter. Despite a slowed Chinese economy, ByteDance has been buoyed by TikTok’s massive global popularity, especially in the U.S.—TikTok has 170 million American users, and a Pew study from January found it was the fastest-growing social media platform in the country.

NEXT
BING NEWS:
  • New US law that could lead to a TikTok ban likely to be challenged in court
    Unless TikTok is sold within 270 days, the app could face a ban in the U.S. app stores and hosting services. Congress passed the TikTok measure in a 184-page bill bundled together with a foreign aid ...
    04/29/2024 - 2:03 am | View Link
  • Here’s how the lawmakers who represent PA in Congress voted on potential TikTok ban and more
    The bill provides nine months for TikTok’s Beijing-based parent company to sell it or face a nationwide prohibition in the United States.
    04/28/2024 - 10:00 pm | View Link
  • Will TikTok be deleted? Here's what happens next after Biden signs TikTok sell-or-ban bill
    The legislation, which has received overwhelming bipartisan support in Congress, per USA TODAY, gives TikTok’s Chinese parent company, ByteDance, up to a year to sell its U.S. operations or face a ban ...
    04/26/2024 - 8:49 am | View Link
  • When will TikTok be deleted? Here's what happens next after Biden signs TikTok sell-or-ban bill.
    President Biden signed a bill that could lead to a U.S. ban of TikTok. Here's what to know about the ban and how it would affect users.
    04/26/2024 - 6:46 am | View Link
  • TikTok's parent company says it has no plans to sell platform as US ban looms
    The legislation poses the most serious risk to TikTok since U.S. officials began raising concerns about the app in 2020.
    04/25/2024 - 11:23 pm | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News

  • Score a free $20 Starbucks gift card when you buy a $300 Delta gift card
    Mashable, Monday - 04/29/2024 - 10:41 AM

    GET A FREE $20 STARBUCKS GIFT CARD: Purchase a Delta gift card worth $300 or more and get a free $20 Starbucks e-gift card. Opens in a new window Credit: Delta / Starbucks Get a free $20 Starbucks e-gift card with purchase of a $300+ Delta gift card Get Deal Mother's Day is just a few weeks away, which means that it's time to start thinking about a gift and make sure it will arrive on time.

    More | Talk | Read It Later | Share
  • 'Mufasa: The Lion King' trailer tells the epic story of Simba's father
    Mashable, Monday - 04/29/2024 - 09:43 AM

    Years before Simba learned what "Hakuna Matata" meant, his father Mufasa went on an epic journey of his own. That journey is the subject of Mufasa: The Lion King, Disney's latest live-action reimagining of their animated properties. SEE ALSO: You'll have to pay for Disney+ password sharing soon Barry Jenkins (Moonlight, The Underground Railroad) directs this prequel, which tells the story of young Mufasa's (voiced by Aaron Pierre, Genius: MLK/X) rise to power.

    More | Talk | Read It Later | Share
  • 'Boy Kills World' cast and creator break down how the unique film was made
    Mashable, Monday - 04/29/2024 - 08:13 AM

    Boy Kills World creator Moritz Mohr is joined by Famke Janssen, Brett Gelman, Isaiah Mustafa and Andrew Koji in breaking down how the film was made. Boy Kills World is exclusively in theaters on April 26th.

    More | Talk | Read It Later | Share
  • The best smart locks for securing your home
    Mashable, Monday - 04/29/2024 - 07:09 AM

    This content originally appeared on Mashable for a US audience and has been adapted for the UK audience. With the ever-growing selection of smart devices, you sometimes have to ask yourself: what will they think of next? In the case of the smart lock, it's like a gadget from a science-fiction film — a self-unlocking door that you control from your smartphone.

    More | Talk | Read It Later | Share
  • How to close all tabs on iPhone
    Mashable, Monday - 04/29/2024 - 06:52 AM

    It's easy to rack up open tabs on your iPhone or iPad. But everyone knows it can be a nuisance. If you're looking to shut down all tabs at once, there's a quick way to do it. You can close every Safari tab on an iPhone in a few easy steps, no matter which iOS model you have.

    More | Talk | Read It Later | Share
  • John Oliver fans, rejoice! 'Last Week Tonight' Season 1 is streaming for free on YouTube.
    Mashable, Monday - 04/29/2024 - 06:39 AM

    There may be no new episode of Last Week Tonight this week, but John Oliver fans have a different reason to celebrate. On Sunday, at the same as the weekly episodes normally go out, HBO decided to throw all of Season 1 up on the Last Week Tonight YouTube channel. SEE ALSO: John Oliver takes an eye-opening deep dive into UFOs The release was announced a few days ago on Last Week Tonight's social media."There’s no new episode this week!" reads the post on X/Twitter.

    More | Talk | Read It Later | Share