TikTok parent company sees significant valuation decline from 2022

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

ByteDance's — the parent company of the social media app TikTok —valuation has reportedly dropped over 25% year-over-year. After seeing exponential growth over the past three years, ByteDance's revenue has slowed, due in part to increased competition from Meta’s (META) Instagram Reels and YouTube Shorts (GOOG, GOOGL). Yahoo Finance Tech Editor Dan Howley reports on ByteDance's valuation slump and ongoing discussions surrounding TikTok's regulation in the U.S. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

over 25% year-over-year. After seeing exponential growth over the past three years, ByteDance's revenue has slowed, due in part to increased competition from Meta’s

NEW YORK — A New York judge indicated Tuesday that he's not embracing former President Donald Trump’s view that most claims in his civil business fraud trial are too old for court, as the defense had hoped the judge would after the trial's first day. With Trump voluntarily in court for a second day, Judge Arthur Engoron set the record straight about a comment that the ex-president had claimed as an important victory.

An unusual military build-up in southern Europe sparked fears of another invasion like Russia's full-scale assault on Ukraine Fox NewsDespite Donald Trump’s courthouse complaint Monday that his bank fraud trial in New York is being decided by a judge rather than a jury, it was the former president’s own lawyers who agreed to such an arrangement, Fox News co-host Jessica Tarlov pointed out on The Five.Trump, who voluntarily attended Monday’s proceedings, griped to the press afterwards that it is “very unfair that I don’t have a jury.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earnings, September jobs report: What to watch this weekThe first week of October is off to a busy start. Yahoo Finance’s Josh Schafer takes a dive into what investors should look out for, including earnings from Levi Strauss & Co. (LEVI) and cannabis company Tilray Brands (TLRY), as well as the September jobs report expected out on Friday. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »