TikTok beats YouTube in average view time per user for apps in US, UK: App Annie

TikTok surpassed YouTube in terms of average viewing time per user in the US and UK, according to a report released by analyst firm App Annie. The short video app is considered to have “turned the social and streaming landscape around”. It led the app market worldwide in terms of downloads in the first half … Read more

TikTok-Parent ByteDance says it will reduce the size of Fintech’s business and plans to sell brokerage operations

Beijing-based ByteDance, which owns TikTok, said on Wednesday it would shrink its financial services unit and plan to sell its stock brokerage operations amid China’s growing tightening in the financial technology (fintech) sector . ByteDance operates Songshu Zhengquan, which translates to Squirrel Securities, in Hong Kong, and Haitun Gupiao, or Dolphin Stocks, in mainland China. … Read more

Instagram working on search to show results from photos and videos, like TikTok; Support for more languages ​​also available

Instagram is working to expand search capabilities with the addition of showing videos and photos as results. Facebook’s proprietary photo and video sharing platform said the change in Search is currently under development and will be rolled out to users soon. In addition, Instagram is also working to add support for other languages ​​to Search. … Read more

TikTok and Shopify team up to allow users to shop in the app

Canada’s e-commerce giant Shopifysaid on Tuesday partnered with TikTok to work on a feature that would allow customers to buy directly from the social media app. Shopify merchants who have a TikTok merchant account will soon be able to add a shopping guide to their profiles for the first time, the company said in a … Read more

Spider-Man: No way complete trailer, allegedly leaked, Sony Pictures issue removals

The Spider-Man: No Way Home trailer was reportedly leaked to TikTok on Monday morning, and has since been re-shared across the Internet, including Twitter, Reddit, YouTube and more. The 360 ​​Gadgets saw the alleged leak and appears to be genuine. The leaked trailer has unfinished VFX and is of terrible quality, not least because it’s … Read more

Beijing holds stakes in ByteDance, Weibo’s domestic entities amid regulatory crackdown, records show

The Chinese government has taken over stakes in Chinese entities owned by technology companies ByteDance and Sina Weibo, corporate records showed, amid growing regulatory crackdown on the sector. News of the stakes and board seat was first reported by The Information on Monday. WangTouZhongWen (Beijing) Technology, which is owned by three Chinese state-owned entities, including … Read more

Facebook accused of buying and burying rivals by US FTC in renewed antitrust fight

The US Federal Trade Commission (FTC) updated its antitrust case against Facebook Inc on Thursday, adding more details about the charge that the social media company crushed or bought rivals and once again asked a judge to enforce the social media giant selling Instagram and WhatsApp. At 80 pages, the new complaint is significantly longer … Read more