Journal
- Technology
Research: ByteDance's video editing app CapCut, launched in 2020, has 200M+ MAUs and 400M+ downloads in 2022, up 43% YoY, surpassing TikTok in recent weeks (Raffaele Huang/Wall Street Journal)
Raffaele Huang / Wall Street Journal: Research: ByteDance’s video editing app CapCut, launched in 2020, has 200M+ MAUs and 400M+…
Read More » - Technology
Several TikTok creators say it created business opportunities and contemplate life after a possible ban, including moving to Instagram Reels or YouTube Shorts (Wall Street Journal)
Wall Street Journal: Several TikTok creators say it created business opportunities and contemplate life after a possible ban, including moving…
Read More » - Technology
Sources: some lawmakers and tech execs, including Peter Thiel, are mobilizing against China's involvement in US tech, ahead of TikTok CEO's House testimony (Georgia Wells/Wall Street Journal)
Georgia Wells / Wall Street Journal: Sources: some lawmakers and tech execs, including Peter Thiel, are mobilizing against China’s involvement…
Read More » - Technology
A shortage of skilled workers is impeding Micron's goal of a chip manufacturing campus in Syracuse, NY, where it plans to invest $100B and hire 9K employees (Wall Street Journal)
Wall Street Journal: A shortage of skilled workers is impeding Micron’s goal of a chip manufacturing campus in Syracuse, NY,…
Read More » - Technology
Sources: Tiger Global marked down its investments in private companies by ~33% across VC funds in 2022, erasing $23B in value from its portfolio of startups (Wall Street Journal)
Wall Street Journal: Sources: Tiger Global marked down its investments in private companies by ~33% across VC funds in 2022,…
Read More » - Technology
TikTok CEO Shou Zi Chew says divesting from ByteDance won't fix US concerns, rules out an IPO, and claims the app is unprofitable due to data security spending (Stu Woo/Wall Street Journal)
Stu Woo / Wall Street Journal: TikTok CEO Shou Zi Chew says divesting from ByteDance won’t fix US concerns, rules…
Read More » - Technology
Sources: the Biden administration is demanding that TikTok's Chinese owners sell their stakes in the company or face a possible US ban of the app (John D. McKinnon/Wall Street Journal)
John D. McKinnon / Wall Street Journal: Sources: the Biden administration is demanding that TikTok’s Chinese owners sell their stakes…
Read More » - Technology
Inside the iPhone refurbishment process at New Jersey-based US Mobile Phones, from the trade-in to refurbish to resale; iPhones dominate consumer trade-ins (Joanna Stern/Wall Street Journal)
Joanna Stern / Wall Street Journal: Inside the iPhone refurbishment process at New Jersey-based US Mobile Phones, from the trade-in…
Read More » - Technology
FBI report: US citizens lost $10.3B to online scammers in 2022, up from $6.9B in 2021, with losses from crypto investment fraud reaching $2.57B, up from $907M (Gareth Vipers/Wall Street Journal)
Gareth Vipers / Wall Street Journal: FBI report: US citizens lost $10.3B to online scammers in 2022, up from $6.9B…
Read More » - Technology
As SVB collapsed, prominent investors, internet provocateurs, and others helped fuel concerns over the US banking system, creating a "Twitter-fueled bank run" (Wall Street Journal)
Wall Street Journal: As SVB collapsed, prominent investors, internet provocateurs, and others helped fuel concerns over the US banking system,…
Read More »
