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+…
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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…
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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…
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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,…
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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,…
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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…
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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…
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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…
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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…
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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,…
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