Spot: https://spoti.fi/34DSJik
Apple podcast:
The CEO of TikTok is out, bids are swirling, and whom will wind up owning a piece of all of TikTok’s global operations is not clear. Walmart is in the mix, apparently, which feels very 2020.
Spot: https://spoti.fi/34DSJik
Apple podcast:
The CEO of TikTok is out, bids are swirling, and whom will wind up owning a piece of all of TikTok’s global operations is not clear. Walmart is in the mix, apparently, which feels very 2020.
TechCrunch was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. Since the acquisition of AOL and Yahoo by Verizon, the site has been owned by Verizon Media.
TechCrunch is also best known for its Disrupt conferences; an annual technology event hosted in several cities across United States, Europe, and China.
In May 2021, an announcement was made on a planned sale of TechCrunch’s parent company, Verizon, to Apollo Global Management for $5 billion. The deal finalized in September 2021. Verizon retained 10% of the newly rebranded company.
TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.
ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.