Shock and surprise were the predominant emotions bustling through ByteDance employees when their softly spoken founder Zhang Yiming announced that he will be stepping down as CEO of what has been described to be the world’s biggest unicorn. Zhang – a 38-year-old billionaire estimated by Forbes to have a net worth of $35.6 billion – […]
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Popular gaming and community chat app Discord Inc. has pulled out of talks to be acquired by tech giant Microsoft Corp, as the company looks to go after an initial public offering at a later stage, The Wall Street Journal reported citing people familiar with the matter. But while negotiations between both parties ended without […]
The Biden administration has added seven Chinese supercomputer research labs and manufacturers to a U.S. export blacklist in a spreading conflict with Beijing over technology and security. The measure announced Thursday is the latest sign President Joe Biden is sticking to the tough line taken by his predecessor, Donald Trump, toward Chinese tech industries seen […]
Adding to Clubhouse’s group of creatives, the company signed a deal with the Dobre Brothers which increases the platform’s social reach to 280 million. Clubhouse officially signed the Dobre Brothers, a family of content creators with a global social media following, according to a March 24 media release. The collaboration will officially launch with the […]
TikTok parent company ByteDance announced on Monday that its video games arm, Nuverse, has acquired China-based Mooton Technology, as the company looks to further expand within the gaming industry, Reuters reported. ByteDance’s desire to bolster its position within the video gaming industry, places it directly in competition with China’s largest social media and gaming company […]
Chinese authorities summoned 11 companies including Alibaba and Tencent for talks regarding the security of voice software, as Beijing steps up scrutiny over the internet sector. The internet watchdog the Cyberspace Administration of China said Thursday that the talks were about security assessments of technology used in voice-based social media and deepfake technology that can […]
A recent survey reported that more than half (56 percent) of small businesses in the U.S. engaging on social media on at least a weekly basis are projecting revenue growth in 2021, despite continuing COVID-related business limitations, according to B2B services group Visual Objects. “If small businesses want to genuinely connect with consumers in their […]
A day after it put a hold on a proposed ban of TikTok, the Biden administration is distancing itself from attempts by former President Donald Trump to ban the Chinese messaging app WeChat. The Commerce Department is reviewing recent actions, such as the rules undermining TikTok and WeChat, to ensure that efforts by the Trump […]
Micro-blogging giant Twitter seems to be in hot water on multiple fronts this week, as its previous suspension of former U.S. President Donald Trump’s account during his last days in office seem to be haunting the platform. The social media company is facing freedom of speech and regulation-oriented debates over the content that’s being pushed […]
Many of Big Tech’s expected future regulatory challenges are a result of their own making – as in the case of Facebook, Google, and Amazon. These companies are being charged by some countries with monopolistic tendencies, prompting some of the regulators in states to send warnings to these firms so they can get their act […]