• sac@exclusivepiscinas.com.br
  • RST 287, KM 117 | Vera Cruz - RS

5 de maio de 2023

TikTok parent ByteDance turns $6 billion operating profit in 2023s first quarter: WSJ

A look at TikTok’s privacy policy states that the company can share the data it collects with its corporate group, which includes ByteDance. In June of 2020, the popular video-sharing app launched TikTok for Business as a way for brands to run their own ads within the app. There are several types of TikTok ads, including In-Feed ads, Brand Takeovers, and Branded Hashtag Challenges. Amidst the day trading institution coronavirus crisis, while many companies are busy cutting down their workforce, ByteDance in April 2020, announced that it is hiring staff to fill 10,000 vacant posts in different domains. In 2020, ByteDance is planning to hire 40,000 employees, in a bid to match Alibaba’s headcount. Besides, ByteDance is looking forward to strengthening its position in areas such as e-commerce and gaming.

  • Importantly, the relationship between the SSP and market-facing teams is symbiotic and mutually beneficial.
  • Graham Webster, editor in chief of the Stanford-New America DigiChina Project at the Stanford University Cyber Policy Center, notes that most of the data that TikTok collects could just as easily be gathered by the Chinese government through other services.
  • Despite the company’s grandiose success, ByteDance has faced international scrutiny as a result of accusations that the company imposes censorship in favour of the Chinese government.
  • By the August 2016, Toutiao‘s daily active users (DAU) surpassed 60 million, with total users of over 550 million.
  • The tentative deal has been stalled by numerous court challenges, and the future of the proposed deal remains uncertain under the Biden administration.

Hello and TikTok were banned in India, thereby removing millions of users from the apps’ reach. In addition, in November 2022 the European Union (EU) confirmed the existence of an ongoing investigation into TikTok’s data practices, including data transmissions to China. Similarly, Omniverse Cloud combines GPU-accelerated infrastructure and software that allows businesses to build 3D applications, generate synthetic data in virtual environments, and run physically accurate simulations. The first use case can be applied to the development of intelligent digital avatars, which can then serve as non-player characters in video games or customer service agents in the real world.

Productizing platform services.

Prior to Chew’s appointment, TikTok was led in interim by former YouTube executive Vanessa Pappas, who was vaulted into the role after former Disney streaming executive Kevin Mayer resigned in August 2020 after just three months in the role. The lines are so indistinct that multiple employees described having email addresses for both companies. One employee said that recruiters often find themselves looking for candidates for roles at both companies. Direction and approvals for all kinds of decision-making, whether it be minor contracts or key strategies, come from ByteDance’s leadership, which is based in China. This results in employees working late hours after long days so they can join meetings with their Beijing counterparts. “We may share all of the information we collect with a parent, subsidiary, or other affiliate of our corporate group,” the privacy policy reads.

The seven companies are listed below (in alphabetical order), along with Wall Street’s median 12-month price target and the implied upside from the current share price. TikTok parent ByteDance turned an operating profit of nearly $6 billion in the first quarter of 2023, nearly double its haul from the previous year as the Chinese social-media giant pared back expenses. “If all those things are documented investment strategies and attested to, you have a much better shot at explaining to the U.S. public, to regulators and other interested parties why this is no issue to consumers,” Crabtree said. “If you don’t or are unwilling to provide real clarity then that’s something people should rightfully be really concerned about.” A first step would be for TikTok to be more transparent about what its data collection process is.

In particular, the app has found a niche among teens and young adults — TikTok has surpassed Instagram as U.S. teenagers’ second-favorite social media app, after Snapchat, according to an October 2020 report by Piper Sandler. At this time, TikTok is wholly and privately owned by a Chinese parent company, ByteDance, which has raised fears of TikTok being used to collect and manipulate users’ data by the Chinese government or related entities. TikTok is banned in India for national security concerns, and is banned on U.S. federal and most state governments’ web devices. ByteDance, the privately held parent of China-based social-media video-sharing app TikTok, managed a $6 billion profit in the first quarter of 2023, the Wall Street Journal reported late Monday. That marks a big turnaround since 2021, when the company had an operating loss of $7 billion, according to the Journal.

For cybersecurity experts, specific details would go a long way toward gaining it credibility. In particular, these experts cite the 2015 hack of the Office of Personnel Management, in which intruders stole more than 22 million records of U.S. government employees and their friends and family. The hackers behind the breach were believed to have been working for the Chinese government.

What Is TikTok?

One set of risks is how the Chinese government could spread propaganda or influence the thinking of the Americans who use TikTok each month. This could be done through short-length videos that the Chinese government may want to show to Americans, whether it be factual content or misinformation. And while TikTok has taken steps to distance itself from its Beijing parent company, both the Trump administration and some Republicans and Democrats in Congress fear the Chinese Communist Party could use TikTok as a tool to spy on Americans. In the year 2006, Yimimg became the fifth employee and first engineer at the travel website Kuxun.


The last two use cases are helpful in training and validating AI models for autonomous robots and self-driving cars. American consumer tech companies such as Facebook, Google and Twitter also possess vast troves of information they’ve collected on their users. Relations and Chinese espionage, is that American companies have many tools at their disposal to protect their users when the U.S. government seeks data, while Chinese companies have to comply with the Chinese government. The app also collects users’ locations, messages sent within the app and information about how people use the app, including their likes, what content they view and how often they use the app.

Technology and Operations Management

The ultimate goal is to go viral and spur takeoffs, drawing in a huge audience for their brand’s message. ByteDance was reportedly worth up to $140 billion by mid-2020, based on the private sale of a small stake in the company. automated forex trading Amateur and professional creators alike can add effects like filters, background music, and stickers to their videos, and can collaborate on content and create split-screen duet videos even if they’re in different locations.

Going abroad to under-penetrated markets was also another strategy that the management is currently adopting. In late 2016, Bytedance launched Douyin, a short-form video app that allowed people to upload 40-second self-made videos. Leveraging its existing user base and the algorithm infrastructure, Douyin was able to identify popular videos and push to users who may like them, based on their previous interests / browsing pattern. In two years, Douyin (and its overseas version TikTok) quickly became world’s most down loaded app, attracting DAU of 100 million domestically and DAU of 400 million overseas by late 2018.

Therefore, we have developed the ByteDance Code of Conduct and ByteDance Partner Code of Conduct. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. After climbing 233% in the past year, Nvidia stock now trades 31.7 times sales, a premium to the three-year average of 23 times sales. Shares also trade at 19 times forward sales, a premium to the three-year average of 17.4 times forward sales. The Magnificent Seven is a group of seven mega-cap stocks that collectively account for more than one-quarter of the S&P 500 and almost half of the Nasdaq Composite.

The seeds of that success were planted nearly two decades ago when visionary CEO Jensen Huang began diversifying the business beyond gaming. To quote Baird analyst Ted Mortonson, “Jensen understood where the market was going before the market even materialized.” Huang had the foresight to invest not only in semiconductor design but also in supporting software. His excellent leadership positioned Nvidia as a one-stop shop for accelerated data center computing. At the same time, there are still many things that we need to improve, and I think someone else can better drive progress through areas like improved daily management. I’m more interested in analyzing organizational and market principles, and leveraging these theories to further reduce management work, rather than actually managing people. Similarly, I’m not very social, preferring solitary activities like being online, reading, listening to music, and daydreaming about what may be possible.

Additionally, Nvidia provides frameworks that allow businesses to build, customize, and deploy pre-trained models for generative AI. The service includes NeMo for large language model applications, BioNeMo for biotechnology and pharmaceutical applications, and Picasso for visual applications. For instance, DGX Cloud combines supercomputing infrastructure and software to help businesses build AI applications that address use cases across a range of industries, from healthcare and financial services to manufacturing and retail.