Similar Stories to In The Face Of U.s. Ban Threats, Tiktok’s Parent Company Is More Profitable Than Ever on Bing News

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.

BING NEWS:
  • What a TikTok Ban Could Mean for U.S. Businesses and Sellers
    A TikTok ban would have significant economic repercussions for creators, businesses and brands relying on its short-form videos and TikTok Shop.
    06/4/2024 - 1:51 am | View Link
  • Is the TikTok Ban Really Going to Happen? What We Know
    The TikTok ban bill passed. But does that mean the US can actually ban TikTok? Here’s what the bill means, how we got here, and whether it could be overturned.
    06/3/2024 - 12:00 am | View Link
  • TikTok ban: Fast-track appeal granted as company sues US government [U]
    Update: A US court has fast-tracked the appeal, which will be heard in September. TikTok owner Bytedance has just ...
    05/28/2024 - 11:39 pm | View Link
  • Chinese firms turn from 'panda' to 'skunk' as U.S. tensions flare
    For most of his 30 years running a Chinese-owned company in the U.S., Ni Pin felt welcomed ... Last month, he signed legislation requiring TikTok to be sold by its Chinese parent ByteDance Ltd. or ...
    05/28/2024 - 9:46 pm | View Link
  • TikTok ban: U.S. court to consider legal challenges in September
    Creators, TikTok, and ByteDance must file legal briefs by June 20 and the Justice Department by July 26, with reply briefs due by August 15.
    05/28/2024 - 7:40 am | View Link
  • More

 

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

More Business News