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He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok). Zhang is one of the richest individuals in the world, with an estimated net worth of US$45.6 billion as of October 2024, according to Forbes and US$43.1 billion according to Bloomberg Billionaires Index.
First released to the public in September 2017, TikTok is a video-sharing social networking service [80] used to make short-form videos, from genres like dance, comedy, and education. [ 81 ] [ 82 ] On 9 November 2017, ByteDance acquired Shanghai -based social media start-up Musical.ly for up to US$ 1 billion.
The "For You" page on TikTok is a feed of videos that are recommended to users based on their activity on the app. Content is curated by TikTok's artificial intelligence depending on the content a user liked, interacted with, or searched. This helps users find new content and creators reach new audiences, in contrast to other social networks ...
Lawyers for children harmed by social media say the apps have long known they are hurting kids. ... Young users can become addicted to the app after viewing 260 videos on the platform, TikTok ...
Susquehanna first invested in ByteDance in 2012, long before the company created TikTok and then merged it with a short-form video app called “Musical.ly” in 2018. When the app exploded in ...
While only 36% of those surveyed support social media bans for kids under 16, 69% support a law requiring social media companies to develop a child-safe option for kids under 18.
Shou Zi Chew (Chinese: 周受资; born 1 January 1983) is a Singaporean business executive who has been the chief executive officer (CEO) of TikTok, an online video platform owned by Chinese company ByteDance, since 2021. [1] [2] [3]
The Chinese-owned short-video platform boasts around 170 million U.S. users, and is currently fighting a new law that would force ByteDance to divest TikTok's U.S. assets by Jan. 19 or face a ban.