TikTok, the pandemic and mobile data costs in India all helped draw people away from Facebook at an unprecedented rate last quarter. The big question is, when will it be Instagram’s turn?
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Facebook’s announcement that user numbers had dropped for the first time laid bare a long-neglected vulnerability: it’s a one-trick pony.
Facebook owner Meta Platforms’ shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast.
The social media landscape seems to be rapidly shifting towards short-form video, a space dominated not by Facebook but by TikTok.
Facebook CEO Mark Zuckerberg has sought to paint a rosier picture of the social network’s future.
Microsoft CEO Satya Nadella said the company’s bid to acquire the US assets of ByteDance’s TikTok was the “strangest thing” he’s ever worked on.
TikTok hit a billion monthly active users globally this past southern hemisphere winter, the company said, marking a 45% jump since July 2020.
President Xi Jinping’s government is reining in the country’s most powerful corporations and their billionaire founders, including Alibaba Group, Tencent Holdings and Didi Global. But why?
US President Joe Biden is withdrawing a series of executive orders that sought to ban new downloads of WeChat and TikTok.
Zhang Yiming, founder of TikTok owner ByteDance, told employees he will step down as CEO and be succeeded by human resources chief Liang Rubo, the company disclosed on Thursday.