TikTok Readies “Project S” to Tap into Online Shopping; Google Sued for Monopolising Ad Tech
In today's ExchangeWire news digest: TikTok plans to broaden its online retail offerings; Gannett sues Google over allegations it monopolised ad tech; and Hong Kong authorities pledge regulation for stablecoins. TikTok to expand its retail offerings TikTok is reportedly developing “Project S”, [...]
TikTok Secretly Stores Creators’ Information in China; Streaming Services see Dip Amongst UK Households
In today's ExchangeWire news digest: TikTok has been revealed to secretly store users' financial information in China; streaming giants see a drop in UK users; and Nvidia surpasses a USD$1tn (~£809.5bn) valuation. TikTok creators’ financial information stored in China The financial information [...]
Anthropic Secures Funding; TikTok Sues Montana
In today’s ExchangeWire news digest: AI startup Anthropic has secured USD$450m in funding; TikTok has retaliated against Montana’s statewide ban with a federal lawsuit; and Warner Bros Discovery’s Max is now live. Google-backed Anthropic secures investment AI startup, Anthropic, has raised USD$450m [...]
UFCW Opposes Kroger-Albertsons Merger; ByteDance Postpones US Rollout of Shopping Platform
In today's ExchangeWire news digest: major US workers' union opposes the proposed Kroger-Albertsons merger; ByteDance delays bringing its shopping platform to the US; and Disney+ loses 4 million subscribers as SVOD subscriptions cool. UFCW unanimously opposes Kroger-Albertsons A proposed USD$24.6bn (~£19.4bn) deal [...]
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